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Ross Stores Inc Set to Possibly Rebound After Yesterday's Selloff of 3.70%

By David Diaz

Ross Stores Inc (NASDAQ:ROST) traded in a range yesterday that spanned from a low of $88.01 to a high of $89.58. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $92.16 on volume of 825,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $56.30 and a high of $124.16 and are now at $87.75, 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.5%.

Keywords: rebounders ross stores inc

Ticker(s): ROST