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
The PEAD projected a Bullish outlook for $ROST after a Positive over reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
I believe Ross is going to turn down again based on a resistance line that has been in effect for more than several months now.
The PEAD projected a Neutral outlook for $ROST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
ROST is in a stage 4 downtrend with an extended climb since earnings report drop. Looks like a good possible short for Friday considering the extended climb on Thu with a 5 USD void.
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Im not usually into fundementals but I dont see how this stock is trading at anything over $40. I only see 20 stores on their website and theyre all located either within or in close proximity to Pennsylvania. Sure online ordering exists but there are so many other stores to choose from. On watch for now
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...
The PEAD projected a Bullish outlook for $ROST after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The title says it all, I grabbed some puts yesterday before the close due to the head and shoulders + the gap to be filled at around $100... Easy trade :D. Can definitely still find a decent entry even if you aren't shorting it Pre ER
Decided to go double or nothing with my beer money. Grabbed some $123 puts at $123, breakeven is $120 and change. I think it hits that on this intraday H&S pattern it's got going. If it breaks $120 on earnings, it's got a long ways to go before it hits support.
ROST has fallen from the first rising wedge but it just now hitting the bottom trendline of the larger rising wedge. Earnings are 5-20 AMC and I am hoping it will complete the fall before then and recover. Looks to be trying hard today. I have noticed when a stock is inside of one when earnings come, they can fall out sharply, whether they beat or not. Rising...
Ema 50 Daily (yellow) will be the first test. Ema 21 Weekly (white) will be the last. Will try a swing at those levels or at the recover of the daily 21.
ROST just hit its first target. EMA 50 hourly still working really nice as support for the fast uptrend.
The ticker broke out that bullish triangle. Not much volume, but EMAs may help
Looking for entry with a stop loss under the green 100EMA.