Ross Stores had its Relative Strength (RS) Rating upgraded from 69 to 73 Thursday — a welcome improvement, but still short of the 80 or higher score you look for.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History reveals that the best stocks often have an RS Rating of at least 80 as they begin their biggest runs. See if Ross Stores can continue to show renewed price strength and clear that threshold.
Ross Stores is working on a consolidation with a 163.60 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company posted negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around May 15.
Ross Stores holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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