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Bearish Moving Average Cross by Ross Stores (ROST)

By James Quinn

Ross Stores (NASDAQ:ROST) crossed under its 10-day moving average of $57.31 on a volume of 452K 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, Ross Stores share prices have been bracketed by a low of $30.91 and a high of $59.68 and are now at $56.89, 84% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ross Stores on November 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.91. Since that recommendation, shares of Ross Stores have risen 13.2%. We continue to monitor ROST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Ross Stores

Ticker(s): ROST