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.
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.
www.ceh.org
Say it with me: Princesses don't wear Cadmium.
Zacks Rank: 2-Buy 2 Style Scores: D Value | A Growth | C Momentum | B VGM Industry Rank: Top 8%(21 out of 255) Industry: Retail - Discount Stores
comments always welcomed
ROST: Ross Stores, Inc.
2018-08-23 16:01:00
Ross Stores Reports Second Quarter Earnings, Provides Second Half 2018 Guidance and Increases Long-Term Store Growth Potential
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...
Fundamentally
Interesting in the context of the current pickup in US retail activity.
Technically
Mixed/weak after a good run and after printing a new historical high.
Earnings momentum
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.
Buy ATM...
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.
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...
I like this stock because there is a huge support line. Again, the stock had a nice resistance line then it broke out. After that breakout , the stock came back at support and bounced. It did that three times and bounced all the time then today the stock did the same thing so im expecting a nice reversal. The stock did a nice candle and finished the day very...
![ROST: [ROST] phase 2](https://s3.tradingview.com/s/sBDhxHMA_mid.png "[ROST] phase 2")
