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Ross Stores Bearish Moving Average Crossover Alert (ROST)

By Shiri Gupta

Today, shares of Ross Stores (NASDAQ:ROST) have fallen below their 10-day MA of $53.33 on a volume of 306K 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 $59.68 and are now at $53.04, which is 72% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ross Stores on May 11th, 2016 by issuing a Downtrend alert when the shares were trading at $55.13. Since that call, shares of Ross Stores have fallen 3.0%. 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