Ross Stores Bearish Signs

rost New York, February 12th ( - Shares of Ross Stores, Inc. (NASDAQ:ROST) ended the trading session lower by $0.2 or -0.33% from its previous close. Ross' price action formed what is considered to be a bearish engulfing candlestick chart pattern.

Ross Stores, Inc. (NASDAQ:ROST) operates a national chain of off-price retail apparel stores. The stores offer brand-name apparel, apparel-related merchandise for the entire family, fragrances, gift items, and linens for the home.

Ross' current stock range is determined by calculated support defined at $52.01 and by the resistance level at $62.07, which should be used by traders planning their next move.

If traders want to establish a position in Ross Stores, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Ross Stores for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,152.33 ▲178.02 (1.05%)
o S&P 500 1,992.98 ▲10.68 (0.54%)
o NASDAQ 4,566.10 ▲16.87 (0.37%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,152.33 Trade time:1:29PM EDT Value change:▲178.02 (1.05%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,992.98 Trade time:1:29PM EDT Value change:▲10.68 (0.54%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,566.10 Trade time:1:29PM EDT Value change:▲16.87 (0.37%)

In The Wires

Copyright © 2013 All Rights Reserved.