Wednesday, July 11, 2012

Ross Stores - ROST - Growsth Potential

From my Growth Potential watch list on Barchart Portfolio Blogs, let's take a quick look at Ross Stores (ROST)


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 14.55% in the last quarter
  • Relative Strength Index 57.15%
  • Barchart computes a technical support level at 66.05
  • Recently traded at 66.69 with a 50 day moving average of 65.64
Fundamental factors:
  • Followed by 23 Wall Street brokerage firms
  • Revenue projected to grow by 11.10% this year and 6.80% next year
  • Earnings estimated to grow by 19.60% this year, 11.70% next year and continue at an annual rate of 13.42% for the next 5 years
  • Analysts have issued 9 strong buy, 1 buy and 13 hold recommendation with no sell or under perform reports
  • Analysts look for a total annual return in the 10% - 12% range
  • A rated balance sheet
Conclusion:  This is a 10-10-10 stock.  Revenue, earnings and total return all expected to increase by at least 10% with an A rated balance sheet.


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