Ross Stores (ROST) Offering Possible 7.53% Return Over the Next 16 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 $82.50 short put and a strike $77.50 long put offers a potential 7.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $77.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Ross Stores is bullish and the probability of a rise 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 23.8 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

Walmart, Target Benefiting From G-20 Talks, TJX, Ross Not So Much
Mon, 03 Dec 2018 21:07:00 +0000
The retailers who are more exposed to tariffs may be better positioned to see their stocks move up soon. This could mean good news for companies that could have gotten hurt by increased tariffs, but now will not get hurt, at least for the moment. “We expect the delay to have a positive impact on the stocks that have the most exposure to the issue,” Wells Fargo analyst Ike Boruchow wrote in a note to clients.

Burlington Stores Continues Its Stellar Sales and Earnings Growth
Thu, 29 Nov 2018 13:35:00 +0000
The No. 3 U.S. off-price retailer delivered another blowout earnings report.

Burlington Earnings Growth Crush Estimates; Stock Soars
Wed, 28 Nov 2018 21:02:47 +0000
Burlington Stores reported strong Q3 results, with earnings growth accelerating yet again. Shares of the off-price apparel retailer jumped early.

Burlington Stores Stock Rises on Strong Q3 Results, Upbeat Outlook
Wed, 28 Nov 2018 17:36:14 +0000
Burlington Stores (BURL) stock rose about 7% in pre-market hours on November 28 in reaction to strong results for the third quarter of fiscal 2018. Investors were also pleased as the off-price retailer raised its guidance for fiscal 2018. The company’s stock was up 10.6% as at 11:42 am EST today.

Costco's (COST) Comparable Sales Run Looks Compelling
Tue, 27 Nov 2018 13:43:01 +0000
Better price management, strong membership trends and increasing penetration of e-commerce business have aided Costco (COST) in sustaining impressive comps run.

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