When Ross Stores ($ROST) Moves Investors should Listen
September 30, 2023, 15:15 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROST
- Buy ROST slightly over 104.98 target 115.58 stop loss @ 104.68 Details
The technical summary data tells us to buy ROST near 104.98 with an upside target of 115.58. This data also tells us to set a stop loss @ 104.68 to protect against excessive loss in case the stock begins to move against the trade. 104.98 is the first level of support below 112.95 , and by rule, any test of support is a buy signal. In this case, support 104.98 would be being tested, so a buy signal would exist.
- Short ROST slightly under 115.58, target 104.98, stop loss @ 115.91 Details
The technical summary data is suggesting a short of ROST as it gets near 115.58 with a downside target of 104.98. We should have a stop loss in place at 115.91though. 115.58 is the first level of resistance above 112.95, and by rule, any test of resistance is a short signal. In this case, if resistance 115.58 is being tested, so a short signal would exist.
Swing Trading Plans for ROST
- Buy ROST slightly over 115.58, target 126.07, Stop Loss @ 115.25 Details
If 115.58 begins to break higher, the technical summary data tells us to buy ROST just slightly over 115.58, with an upside target of 126.07. The data also tells us to set a stop loss @ 115.25 in case the stock turns against the trade. 115.58 is the first level of resistance above 112.95, and by rule, any break above resistance is a buy signal. In this case, 115.58, 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 115.58, target 110.55, Stop Loss @ 115.91. Details
The technical summary data is suggesting a short of ROST if it tests 115.58 with a downside target of 110.55. We should have a stop loss in place at 115.91 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, 115.58, 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 115.58, target 126.07, Stop Loss @ 115.31 Details
If 115.58 begins to break higher, the technical summary data tells us to buy ROST just slightly over 115.58, with an upside target of 126.07. The data also tells us to set a stop loss @ 115.31 in case the stock turns against the trade. 115.58 is the first level of resistance above 112.95, and by rule, any break above resistance is a buy signal. In this case, 115.58, 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 115.58, target 110.55, Stop Loss @ 115.85. Details
The technical summary data is suggesting a short of ROST if it tests 115.58 with a downside target of 110.55. We should have a stop loss in place at 115.85 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, 115.58, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Ross Stores (ROST) available here: ROST.
ROST Ratings for September 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
104.98 |
| P2 |
107.96 |
107.52 |
115.58 |
| P3 |
110.30 |
110.55 |
126.07 |
AI Generated Signals for ROST
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for ROST:
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