Ross Stores, Inc. : The trend should regain control
Entry price | Target | Stop-loss | Potential |
---|
US$117.34 |
US$124 |
US$113.5 |
+5.68% |
---|
The timing appears opportune to go long in shares of Ross Stores as we anticipate another pick-up in the underlying trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Historically, the company has been releasing figures that are above expectations.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 102.95 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 120.72.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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