Ross Stores (ROST) Shares are Up 3.06%

Ross Stores (ROST) : Traders are bullish on Ross Stores (ROST) as it has outperformed the S&P 500 by a margin of 3.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.06% in the last 1 week, and is up 10.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Ross Stores (NASDAQ:ROST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.60 and $59.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.97, notching a gain of 1.27% for the day. The total traded volume was 1,976,735 . The stock had closed at $59.22 on the previous day.


The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 8.73%. Ross Stores Inc. is up 6.09% in the last 3-month period. Year-to-Date the stock performance stands at 12%.

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.

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