ROST - Short from $64/$62 to $56

ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62

* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $62 or Pullback to $64
Exit Target Criteria- $56
Stop Loss Criteria- N/A

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active:

April 6th- traded into its 5 day EMA and hit our higher risk entry zone criteria.

Comment:

April 12th- updating our stop loss criteria to $65.33