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Watch for Ross Stores Inc to Potentially Pullback After Gaining 1.60% Yesterday

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.

In the past 52 weeks, shares of Ross Stores Inc have traded between a low of $73.76 and a high of $111.42 and are now at $110.92, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-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