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Bearish Moving Average Cross by Ross Stores (ROST)

By James Quinn

Today, shares of Ross Stores (NASDAQ:ROST) have crossed bearishly below their 10-day moving average of $64.88 on a volume of 616K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ross Stores have traded between a low of $30.91 and a high of $69.81 and are now at $64.46, which is 109% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Ross Stores and will alert subscribers who have ROST in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Ross Stores

Ticker(s): ROST