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After Yesterday's Rally of 1.72% Shares Could Potentially Pullback

By Shiri Gupta

Ross Stores Inc (NASDAQ:ROST) traded in a range yesterday that spanned from a low of $109.55 to a high of $110.71. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $109.69 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ross Stores Inc share prices have moved between a 52-week high of $110.71 and a 52-week low of $73.76 and are now trading 49% above that low price at $109.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

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