Ross Stores saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 69 to 74.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their largest runs. See if Ross Stores can continue to rebound and clear that threshold.
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Ross Stores is building a cup with handle with a 158.69 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company showed 11% EPS growth in the latest quarterly report. Revenue increased 3%.
The company earns the No. 7 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, lululemon athletica and Urban Outfitters are among the top 5 highly rated stocks within the group.
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