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Shares of Ross Stores Inc Has Risen Above Previous 52-Week High

By James Quinn

Ross Stores Inc (NASDAQ:ROST) traded at a new 52-week high today of $112.21. Approximately 82,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

Ross Stores Inc share prices have moved between a 52-week high of $112.21 and a 52-week low of $73.76 and are now trading 52% above that low price at $111.95 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.2%.

Based on a current price of $111.95, Ross Stores Inc is currently 22.1% above its average consensus analyst price target of $87.22. Ross Stores Inc shares have support at the 50-day moving average (MA) of $106.46 and additional support at the 200-day MA of $98.43.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands.

SmarTrend is tracking the current trend status for Ross Stores Inc and will alert subscribers who have ROST in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ross stores inc

Ticker(s): ROST