After Plunging -5.75% in 4 Weeks, Here's Why the Trend Might Reverse for Ross Stores (ROST)
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Ross Stores (ROST) has experienced a significant decline of 5.75% over the past four weeks, but the trend may reverse. The stock is in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting potential for a rebound.
February 14, 2025 | 3:45 pm
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Ross Stores (ROST) has seen a 5.75% decline in the past month, but it is now in oversold territory. Analysts are revising earnings estimates higher, indicating a potential trend reversal.
The stock's oversold status suggests that the selling pressure may have been overdone, and the upward revision of earnings estimates by analysts indicates positive sentiment. These factors combined suggest a potential short-term price increase.
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