Ross Stores (ROST) has risen sharply, recording gains of 1.42% in the past 4 weeks. However, the stock has corrected -0.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.17% and the 50-Day Moving Average is 4.42%.The 200 Day SMA reached 11.97%. Ross Stores Inc. is up 20.11% in the last 3-month period. Year-to-Date the stock performance stands at 17.4%.
Ross Stores (NASDAQ:ROST): After opening at $62.55, the stock dipped to an intraday low of $62.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.84 and the buying power remained strong till the end. The stock closed at $62.73 for the day, a gain of 0.56% for the day session. The total traded volume was 1,316,588. The stocks close on the previous trading day was $62.38.
Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.