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In a welcome move, Ross Stores (ROST) saw its Relative Strength Rating improve from 70 to 75 on Wednesday. This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database. Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating as they begin their largest price moves. See if Ross Stores can continue to rebound and hit that benchmark. Ross Stores is working on a consolidation with a 163.60 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Earnings growth fell in the most recent report from 1% to -2%. But revenue moved higher, from 3% to 5%. The next quarterly results are expected on or around Nov. 13. The company holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn Holdings (BOOT) 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.
