• Return to Headlines

Bullish Moving Average Cross by Ross Stores (ROST)

By Amy Schwartz

Today, shares of Ross Stores (NASDAQ:ROST) have crossed bullishly above their 10-day moving average of $62.16 on a volume of 447K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $69.81 and are now at $63.04, 104% 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 recommended that its subscribers protect gains by selling shares of Ross Stores on March 27th, 2017 by issuing a Downtrend alert when the shares were trading at $65.56. Since that call, shares of Ross Stores have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Ross Stores

Ticker(s): ROST