Ross Stores (ROST) Is Up 8.36% in One Week: What You Should Know

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher as stocks tend to continue in their established direction [1] - Ross Stores (ROST) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2][3] - ROST has a Zacks Rank of 2 (Buy), suggesting it is positioned to outperform the market [3] Price Performance - ROST shares have increased by 8.36% over the past week, while the Zacks Retail - Discount Stores industry has declined by 2.49% during the same period [5] - Over the past quarter, ROST shares have risen by 16.69%, and over the last year, they have gained 14.33%, compared to the S&P 500's increases of 5.38% and 14.31%, respectively [6] Trading Volume - ROST's average 20-day trading volume is 2,920,602 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 6 earnings estimates for ROST have been revised upwards, increasing the consensus estimate from $6.19 to $6.36 [9] - For the next fiscal year, 6 estimates have also moved higher with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, ROST is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential pick for investors [11]