Learn to Evaluate Ross Stores (ROST) using the Charts
February 20, 2023, 09:15 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROST
- Buy ROST slightly over 109.07 target 123.48 stop loss @ 108.76 Details
The technical summary data tells us to buy ROST near 109.07 with an upside target of 123.48. This data also tells us to set a stop loss @ 108.76 to protect against excessive loss in case the stock begins to move against the trade. 109.07 is the first level of support below 115.69 , and by rule, any test of support is a buy signal. In this case, support 109.07 is being tested, a buy signal would exist.
- Short ROST slightly under 123.48, target 109.07, stop loss @ 123.84 Details
The technical summary data is suggesting a short of ROST as it gets near 123.48 with a downside target of 109.07. We should have a stop loss in place at 123.84though. 123.48 is the first level of resistance above 115.69, and by rule, any test of resistance is a short signal. In this case, if resistance 123.48 is being tested, a short signal would exist.
Swing Trading Plans for ROST
- Buy ROST slightly over 117.13, target 123.48, Stop Loss @ 116.79 Details
If 117.13 begins to break higher, the technical summary data tells us to buy ROST just slightly over 117.13, with an upside target of 123.48. The data also tells us to set a stop loss @ 116.79 in case the stock turns against the trade. 117.13 is the first level of resistance above 115.69, and by rule, any break above resistance is a buy signal. In this case, 117.13, 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 117.13, target 113.77, Stop Loss @ 117.47. Details
The technical summary data is suggesting a short of ROST if it tests 117.13 with a downside target of 113.77. We should have a stop loss in place at 117.47 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, 117.13, 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 117.25, target 123.48, Stop Loss @ 116.98 Details
If 117.25 begins to break higher, the technical summary data tells us to buy ROST just slightly over 117.25, with an upside target of 123.48. The data also tells us to set a stop loss @ 116.98 in case the stock turns against the trade. 117.25 is the first level of resistance above 115.69, and by rule, any break above resistance is a buy signal. In this case, 117.25, 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 117.25, target 115.67, Stop Loss @ 117.52. Details
The technical summary data is suggesting a short of ROST if it tests 117.25 with a downside target of 115.67. We should have a stop loss in place at 117.52 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, 117.25, 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 February 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
94.38 |
| P2 |
115.67 |
113.77 |
109.07 |
| P3 |
117.25 |
117.13 |
123.48 |
AI Generated Signals for ROST
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Ross Stores (NASDAQ: ROST) report below can help you understand how to do this. The trading plans for ROST, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ROST:
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