After Plunging -6.97% 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 6.97% over the past four weeks, leading to an oversold status. This, along with positive revisions in earnings estimates by analysts, suggests a potential trend reversal for the stock.
February 17, 2025 | 3:45 pm
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Ross Stores has become oversold after a 6.97% decline, and analysts are revising earnings estimates higher, indicating a potential trend reversal.
The stock's oversold status suggests that the selling pressure may have exhausted, and the positive revisions in earnings estimates by analysts provide a strong signal for a potential upward trend in the stock price.
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