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Ross Stores Inc Set to Possibly Pullback After Yesterday's Rally of 1.60%

By Nick Russo

Ross Stores Inc (NASDAQ:ROST) traded in a range yesterday that spanned from a low of $108.52 to a high of $110.96. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $109.42 on volume of 467,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, Ross Stores Inc share prices have been bracketed by a low of $73.76 and a high of $111.42 and are now at $110.92, 50% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.10% higher over the past week, respectively.

Keywords: rebounders ross stores inc

Ticker(s): ROST