Key Rationale: Fundamentals remain intact making this a very attractive time to be contrarian, ignore the pessimism and buy the dip. Always nice to buy what you know and can see around you. Comments: Credited with the development of athleisure. Hasn't yet seized Pickleball market opportunity. Incessant selling due is unwarranted with one executive...
Ross Stores ( NASDAQ:ROST ) has reported better-than-anticipated results and raised its guidance as it reduced costs. The off-price apparel and home goods retailer beat profit and sales forecasts, despite facing macroeconomic headwinds that squeezed its lower-income customers. CEO Barbara Rentler said the results came even as the company faced macroeconomic...
NASDAQ:ROST Breaks Double Top Now What? Waiting for a pull back to (alert added) 122.70 and will take a small long position, a close below that price and I stop out on a weekly basis. Only way to manage a trade is to be in a trade.
Ross Stores, Inc. ROST has expanded its store base with the opening of 43 Ross Dress for Less stores and eight dd's DISCOUNTS stores across 22 different states in September and October. This marked the successful realization of the company's store growth plans for fiscal 2023. The store expansion was not confined to existing markets. Ross Dress for Less made its...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and 96.51 Resistance: 107.50 /...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. 50 1 day EMA is at 112.96. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and...
Ross stores is still in business? Ross is overbought and overextended $123 should be close the top of this leg before correcting and likely filling the gap back to $100 in coming weeks. If currently short I would suggest to ADD at $118, $120, $122
Each time ROST has seen price hit this level on indicator a prompt rejection back upward has been seen If the past is any indicator, this pattern will likely repeat Long Entry
Ross Stores Short Term - We look to Buy at 62.32 (stop at 53.59) This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...
Another very nice Daily Head and Shoulders pattern in an overall bearish trend. Could be a great short if breaks the H&S neckline soon. Will be watching for a breach of the H&S neckline in yellow.
Correlation trading strategy idea analysis. 2 days ago I showed you the possibility to make a long trade of Ross Stores after publishing the earnings report. But the earnings report was worse than I expected. Yesterday $ROST fell lover. Also, there was a good correlation between this stock and $SPY. In my previous ideas, I showed my vision of correlating...
Earnings trading strategy signal. The US off-price retail apparel and home fashion stores operator Ross Stores has been increasing sales (from $11.04 bln in 2015 to $14.98 in 2019) and EPS (earnings per share: from 2.24 to 4.3) for 4 years straight. The last two of four published $ROST ratings from analyst companies were good, one was neutral. So the price is...
$ROST shows a tremendously steady upward trend over the last 6 years. Currently trading more to the upper end of the trend channel. Also my dividend-radar shows that there is no "value" to be had here. Currently for me only a hold and if it moves to the 120-126 area within the next 3 months I will shed some of my position. In the opposite direction it will be more...
The price is at the top of the hill. It's above 30MM, and the slope is positive. The volume is low. Evaluate if the price has the strange to grow more. It's in phase 2.
Simple indicator/overlay strategy. $XRT #retail #ETF
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...