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ROSS STORES DRNROSS STORES DRNROSS STORES DRN

ROSS STORES DRN

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ROST34 trade ideas

LongI 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 strong. Yesterday the stock was down , the bears were in control but today it change , the emotions change and now the bulls are in control and that's what you want to see. The stock finished very strong and the sentiments completely change so i think we will see a reversal on the upside.
NASDAQ:ROSTLong
by WilliamL
$ROST Short the bounce into resistance of a downtrending channelKey points; 1) ROST should no longer be considered uptrending after breaking its primary trend support. 2) A new downtrending channel has emerged after the break of its primary uptrending support line. 3) Price has already rejected the upper bollinger band and has continued to validate the downtrending resistance line of the downtrending channel 4) MACD has begun contracting which indicates that the bullish move upward may have begun losing steam 5) Volume is low and almost half the 20 day average and therefore it is reasonable to fade this up leg As always DYOR
NASDAQ:ROSTShort
by ITM.Trading
ROST gaps up on earningsROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high. For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy opportunity. And by that time we could well be approaching the psychological resistance of the 100 figure. Since breaking above the 200dma in August the trend has been very linear so if this continues and price clears $100 then a long-term buy could be in the offering. One for the watchlist.
NASDAQ:ROSTLong
by iAnneTrader
Found a new head and shoulders pattern!Price-entry: $69.33 Price-target: $60.09 Stop-loss: $74.71 Position: Short This head and shoulders pattern has been forming since mid September. It is serving as a reversal top. The price went under the 200 SMA last month in January for the first time in more than 10 months. The 200 SMA has made a death cross with the 20 SMA. Based on the MAs the stock's future looks pretty bearish. The stock has already gone down substantial amount under the neckline and it doesn't look that it will come near it again(low buying volume. If this stock does go back to the neckline i've placed my stop-loss at $74.71 around the resistance level of both shoulders. There is still profit to be made from this stock, I expect a 13.33% gain, this expected movement will fill the gap from April.
NASDAQ:ROSTShort
by trenchcapital