This is a risky trade as earning is around the corner. However, MACD indicates that it is about to drop. Maybe the put spread is a good choice to limit the risk, but it will also limit the potential profit if another bungee jumping is coming. stop loss is 95 and 1st target is 90.
Looking for short term bullish action here. The gap upward is a good sign. Just be cautious, as Ross has had a very bullish year. Also, don't buy jewelry there, as some of it was found to contain, or be entirely composed of Cadmium.
Say it with me: ...
After running my momentum-screener I happen to come across ROST. The stores operate one of the largets off-price apparel and home fashion chains in the United States, selling name-brand and designer apparel, accessories, footwear, and home fashions to middle income consumers at prices generally 20 to 60 percent lower than regular price. It has very healthy...
Interesting in the context of the current pickup in US retail activity.
Mixed/weak after a good run and after printing a new historical high.
The previous two publications took the stock up 10% every time.
Play a continuation in the positive earnings surprises, as the company releases today after market.
NEW ANALYSIS ON ROSS STORES LISTED ON THE AMERICAN STOCK MARKET. THE TREND LINE IS WORKING AS SUPPORT TO THE PRICE, SIGNING THE END OF THE CORRECTIVE WAVE. THE LEVEL OF RSI IS DOWN UNDER 25. WE ARE WAITING FOR WAVE 5 WITH TARGETS AT $ 95. IF YOU HAVE ANY QUESTIONS, JUST COMMENT. :)
I always believed in Ross a great company with always beats earning report. I'm expecting Ross is going be a strong buy Signal once it breaks the tread line and shoot up to 87.00. recommend buying always remember invest what you can afford to lose.