NEW YORK (TheStreet) --Ross Stores (ROST) - Get Report, the apparel and home fashion chain in the U.S., has seen its stock price rise 700% in the last 10 years, 70% in the last 12 months, and 14% since the start of 2015.
The stock is again testing its all-time high at $54. After a first test on March 2015 (A on the chart below), the price fell to test the 150 day moving average (B) that worked well as support, and now investors should consider a possible entry in anticipation of the stock going above $54.
The company's stock has recently been bought by some hedge funds, so institutional money likely considers the long-lasting upward trend not yet finished.
Ross Stores is currently ranked No. 1 stock at TheExtraIncome.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.