After Plunging -6.35% in 4 Weeks, Here's Why the Trend Might Reverse for Ross Stores (ROST)

Group 1 - Ross Stores (ROST) has experienced a decline of 6.4% over the past four weeks, but it is now in oversold territory, indicating potential for a trend reversal [1] - The Relative Strength Index (RSI) for ROST is at 27.04, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is strong consensus among Wall Street analysts that ROST will report better earnings than previously predicted, with a 0% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - ROST holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]