The "Chart of the Day" is Ross Stores (ROST), which showed up on Tuesday's Barchart "All Time High" list. Ross Stores on Tuesday rallied by 0.81% and posted a new all-time high of $85.01. TrendSpotter has been Long since Sep 13 at $76.98. In recent news on the stock, Ross Stores last Thursday reported that Sep same-store sales rose 5% and that total sales rose 9%. The company raised its Q3 EPS guidance to $1.16-1.18 versus the consensus of $1.07. UBS on Sep 23 resumed research coverage on Ross Stores with a Buy and a target of $92. Ross Stores, with a market cap of $9.5 billion, operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 88% Buy
Barchart links for further information:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports