Ross Stores stock had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Ross Stores can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Is Ross Stores Stock A Buy?
Ross Stores stock has been trading tightly along its 50- and 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the retail stock goes on to offer and clear an appropriate buy point.
The retailer posted 12% earnings growth in the latest quarterly report, while sales growth came in at 4%.
Ross Stores stock holds the No. 5 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. TJX Cos and Urban Outfitters are also among the group's highest-rated stocks.
