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Ross Stores Inc Set to Possibly Pullback After Yesterday's Rally of 2.49%

By Nick Russo

Ross Stores Inc (NASDAQ:ROST) traded in a range yesterday that spanned from a low of $96.14 to a high of $96.85. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $96.48 on volume of 644,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ross Stores Inc has traded in a range of $73.76 to $104.35 and is now at $96.51, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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.

Keywords: rebounders ross stores inc

Ticker(s): ROST