Ross Stores (ROST) Offering Possible 9.89% Return Over the Next 8 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 $100.00 short put and a strike $95.00 long put offers a potential 9.89% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $95.00 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 73.4 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

TJX results show shoppers will head back to stores if the price is right, analysts say
Sat, 30 May 2020 16:03:00 +0000
TJX Cos. says that the early results from the reopening of more than 1,600 stores around the world have been positive, giving analysts reason to believe that if the price is right, shoppers will head back to stores after the coronavirus pandemic. The TJX (TJX)  portfolio includes T.J. Maxx and Marshalls stores.

Hedge Funds Have Never Been This Bullish On Ross Stores, Inc. (ROST)
Fri, 29 May 2020 15:07:16 +0000
In this article you are going to find out whether hedge funds think Ross Stores, Inc. (NASDAQ:ROST) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]

Louis Moore Bacon Buys Ross, Bets on Corporate Debt
Wed, 27 May 2020 23:23:27 +0000
Moore Capital Management’s top 1st-quarter buys Continue reading…

How toilet paper and hand sanitizer may surprisingly save these 3 retailers
Wed, 27 May 2020 16:20:54 +0000
Post coronavirus it's all about location. Location, Location.

US shoppers to be wooed back with steep discounts
Wed, 27 May 2020 10:50:47 +0000
Shopping malls and clothing stores are hoping to woo back Americans emerging from lockdown with some of the heaviest discounts in years on a wide range of fashion lines. Macy’s, Ralph Lauren and TJ Maxx owner TJX are among several retailers that have disclosed writedowns on the value of their merchandise running into hundreds of millions of dollars as they turn to promotions to shed unsold stock. “A lot of the apparel is out of date as it has been sitting in stores at least since the Covid-19 outbreak,” said industry consultant Jan Rogers Kniffen, adding that the reductions being offered were the heaviest he had experienced in five decades.

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