Do Traders View Ross Stores, Inc. (ROST) Stock's Current Trend Positively?

Monday, November 16, 2020 3:22 PM | InvestorsObserver Analysts

The market has been down on Ross Stores, Inc. (ROST) stock recently. ROST gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Ross Stores, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ROST!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ROST Stock Today?

Ross Stores, Inc. (ROST) stock is trading at $110.60 as of 3:20 PM on Monday, Nov 16, a gain of $2.47, or 2.28% from the previous closing price of $108.13. The stock has traded between $106.48 and $110.97 so far today. Volume today is below average. So far 1,421,550 shares have traded compared to average volume of 2,120,938 shares.

To see the top 5 stocks in the Apparel Retail industry click here.

More About Ross Stores, Inc.

Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,800 stores (at the end of fiscal 2019) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2019, 26% of sales came from the ladies' department, 25% from home accents (including bed and bath), 14% from men's, 13% from each of accessories and shoes, and 9% from children's. All sales were made in the United States.

Click Here to get the full Stock Score Report on Ross Stores, Inc. (ROST) Stock.

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