Chart of the Day - Ross Stores (ROST)

The "Chart of the Day" is Ross Stores (ROST), which showed up on Wednesday's Barchart "All Time High" list. Ross Stores on Wednesday broke out to a new all-time high of $53.62 and closed up 1.71%. TrendSpotter has been Long since Nov 29 at $44.70. Ross Stores was last featured on Chart of the Day on the October 11 close of $42.48, which means the stock has since rallied by more than $10 per share. In recent news on the stock, the company on Feb 2 reported sales up 5%, raised its quarterly dividend by 27% to 14 cents, and said it plans to complete the rest of its $450 million buyback plan in FY 12. Ross Stores, with a market cap of $11.8 billion, operates a chain of off-price retail apparel and home accessories stores that target value-conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households.