ROSS near short term top? Pull back to $100. Ross has a top forming monthly. Macd crossing on weekly as well as rsi maybe topping. This is not trading advice.
ROST trade ideas
Ross Stores valued fair to rich$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 interesting to accumulate if the price range between $90 to $80 is hit. This would imply a drop of roughly 30%
Ross stores on verge of breakout about $113BREAKOUT ENTRY LEVEL $113
STOP LOSS $110
PRICE TARGET $123
Average analysts price target $110
Average analysts recommendation OVERWEIGHT
Short interest 1.3%
P/E ratio 24
Company profile
Ross Stores, Inc. engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd's DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.
ROST t.a. & set upROST price is showing signs of an overall uptrend pattern long term, consistently making higher highs and higher lows. Price also trades above the SMA200, indicating potential bullish movement.
Price seems to react best with EMA/SMA levels on the 4 hr chart. Price just broke above EMA10, and SMA100 today, also the last candle stick formed a Long Bullish Candle, as well as extremely oversold RSI levels @30. Strong convergence of combined signals now indicating bullish momentum likely to continue.
A good swing trade entry might be: only if price breaks above AND closes above both the EMA10 and SMA50 (4 hour chart) around or above 107.84 level by end of day close
A stop could be set: 106.74 @ -1%
Exit could be: 110 area @ +3%
Risk/Reward ratio favorable @ 3:1
Classic V PatternThis looks the same on an intraday chart as it does on a daily with a target of about $6.70 per share.
ROST DowntrendRost is breaking its support levels and falling, if spy continues to fall.
ROST may move lower as retail is starting to weaken.
Target set on chart.
Mar 15 - ROSTROST 15-Mar-19
IV:45.2, IVR: 100% (Elevated)
+0.20D Long 1 Call: 100 Strike @ $0.83
-0.32D Short 1 Call: 97.5 Strike @ $1.53
-0.06D Long 1 Put: 80 Strike @ $0.28
+0.10D Short 1 Put: 82.5 Strike @ $0.45
-0.08D Credit: $0.88
PCR: 45:55
Highest Call OI @ 100, 97.5 and 95
indicating high volume of naked calls or bear call spreads.
$ROSTvery bullish stock, last weekly ended in a spinning top, now looking for further for a possible choose of trend
will ROST experience another bungee jumping ?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.
[ROST] phase 2The 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.
ROST new highsROST shares are at 52 week highs. This momentum should continue as the sector pushes higher.
Examine the Stock, Leave the Jewelry, ROSTLooking 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.
ROST looking for pullback to a buy zoneZacks 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
Ross Stores Increases Long-Term Store Growth PotentialROST: 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
Ross Stores (ROST) Getting Ready to BreakoutAfter 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 profitability, growth, and financial health numbers; even if you end up not trading it, it's amazing stock to hold for the long haul.
Looking at the chart, my price source is (H+L+C/3) just because I'm looking at the longer series (> 1 yr). As you can tell the it recently finished a cycle (first arrow) and just started a new one (second arrow). And at the end of the week it touched the lower band of the Bollinger Band meaning a upwards reversion is in the horizon All of the momentum indicates that the stock is oversold but this is just the first correction of the new trend. Doing a bit of trend analysis on the Stochastic RSI you can tell it too is heading the "overbought" direction. This feels like the bottom of long upward trend, my recommendation would be to get in while the getting is good. BUY, BUY, BUY!!!
ROST: Bet on positive earnings surpriseFundamentally
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 call
BUY ROST MAR 16'18 $77.5 CALL = $3.40/share.
