Ross Stores's most recent trend suggests a bearish bias. One trading opportunity on Ross Stores is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 14.94% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $77.50 long call 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 down which suggests that the medium-term momentum for Ross Stores is bearish.
The RSI indicator is at 62.26 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Ross Stores
U.S. retailers' February same-store sales review
Thu, 06 Mar 2014 23:13:19 GMT
Reuters – Click on the attached link for a Thomson Reuters report that reviews February same-store sales by U.S. retailers.
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