Ross Stores (ROST) Offering Possible 12.36% Return Over the Next 15 Calendar Days

Ross Stores's most recent trend suggests a bullish bias. One trading opportunity on Ross Stores is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 12.36% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Ross Stores is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Ross Stores is bullish.

The RSI indicator is at 74.88 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Ross Stores

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Tue, 28 Nov 2017 17:36:08 +0000
The recent trajectory of the off-price retailing industry’s top lines has prompted plenty of bullish outlooks too. It’s not quite a red-alert situation yet, but current and would-be owners of TJX stock or its peers would be wise to consider this: We may be at the peak of off-price retailing right now.

Zacks.com featured highlights: Sprouts Farmers Market, AllianceBernstein, Landstar System, Medifast and Ross Stores
Tue, 28 Nov 2017 12:10:12 +0000
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See what the IHS Markit Score report has to say about Ross Stores Inc.
Mon, 27 Nov 2017 13:08:31 +0000
Ross Stores Inc NASDAQ/NGS:ROST

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Fri, 24 Nov 2017 06:00:00 +0000
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