• Return to Headlines

After Yesterday's Decline of 4.59%, Ross Stores Inc Offers Investors Better Value

By David Diaz

Ross Stores Inc (NASDAQ:ROST) traded in a range yesterday that spanned from a low of $83.46 to a high of $85.51. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $86.37 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Ross Stores Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ross Stores Inc in search of a potential trend change.

In the past 52 weeks, shares of Ross Stores Inc have traded between a low of $56.30 and a high of $124.16 and are now at $82.27, which is 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has remained constant.

Keywords: rebounders ross stores inc

Ticker(s): ROST