When Ross Stores (ROST) Moves Investors should Listen

September 28, 2022, 18:00 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Ross Stores (NASDAQ: ROST) report below is a real world example. Included are trading plans for ROST, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for ROST

• Buy ROST slightly over 78.71 target 89.69 stop loss @ 78.48 Details

The technical summary data tells us to buy ROST near 78.71 with an upside target of 89.69. This data also tells us to set a stop loss @ 78.48 to protect against excessive loss in case the stock begins to move against the trade. 78.71 is the first level of support below 87.01 , and by rule, any test of support is a buy signal. In this case, support 78.71 is being tested, a buy signal would exist.

• Short ROST slightly under 89.69, target 78.71, stop loss @ 89.95 Details

The technical summary data is suggesting a short of ROST as it gets near 89.69 with a downside target of 78.71. We should have a stop loss in place at 89.95though. 89.69 is the first level of resistance above 87.01, and by rule, any test of resistance is a short signal. In this case, if resistance 89.69 is being tested, a short signal would exist.

Swing Trading Plans for ROST

• Buy ROST slightly over 89.69, target n/a, Stop Loss @ 89.43 Details

If 89.69 begins to break higher, the technical summary data tells us to buy ROST just slightly over 89.69, with an upside target of n/a. The data also tells us to set a stop loss @ 89.43 in case the stock turns against the trade. 89.69 is the first level of resistance above 87.01, and by rule, any break above resistance is a buy signal. In this case, 89.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ROST slightly near 89.69, target 85.44, Stop Loss @ 89.95. Details

The technical summary data is suggesting a short of ROST if it tests 89.69 with a downside target of 85.44. We should have a stop loss in place at 89.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ROST

• Buy ROST slightly over 89.69, target n/a, Stop Loss @ 89.48 Details

If 89.69 begins to break higher, the technical summary data tells us to buy ROST just slightly over 89.69, with an upside target of n/a. The data also tells us to set a stop loss @ 89.48 in case the stock turns against the trade. 89.69 is the first level of resistance above 87.01, and by rule, any break above resistance is a buy signal. In this case, 89.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ROST slightly near 89.69, target 85.67, Stop Loss @ 89.9. Details

The technical summary data is suggesting a short of ROST if it tests 89.69 with a downside target of 85.67. We should have a stop loss in place at 89.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 89.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ROST Ratings for September 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	67.32
P2	82.14	81.94	78.71
P3	85.67	85.44	89.69

Support and Resistance Plot Chart for ROST

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