Barchart Research Team - Barchart.com - Wed Feb 22, 8:01PM CST
The "Chart of the Day" is Ross Stores (ROST), which showed up on Wednesday's Barchart "All Time High" list. Ross Stores on Wednesday broke out to a new all-time high of $53.62 and closed up 1.71%. TrendSpotter has been Long since Nov 29 at $44.70. Ross Stores was last featured on Chart of the Day on the October 11 close of $42.48, which means the stock has since rallied by more than $10 per share. In recent news on the stock, the company on Feb 2 reported sales up 5%, raised its quarterly dividend by 27% to 14 cents, and said it plans to complete the rest of its $450 million buyback plan in FY 12. Ross Stores, with a market cap of $11.8 billion, operates a chain of off-price retail apparel and home accessories stores that 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: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports