Two Big-Cap Retailers Break Away
The market meltdown, along with some disappointing earnings reports, dragged down a number of large-cap retail-sector names. In addition, many former leaders have fallen from grace.
Ross Stores (ROST), which had a solid yearlong rally, has essentially been in free-fall since topping out at $70.82 on Aug. 20. Whole Foods (WFMI), another stock with a lengthy track of price growth, is down 7.1% this month and sliced its 200-day line in above-average volume Wednesday....423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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