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ROST trade ideas

Cup and Handle Rising WedgesROST has fallen from the first rising wedge but it just now hitting the bottom trendline of the larger rising wedge. Earnings are 5-20 AMC and I am hoping it will complete the fall before then and recover. Looks to be trying hard today. I have noticed when a stock is inside of one when earnings come, they can fall out sharply, whether they beat or not. Rising wedges are bearish but not valid until bottom trendline is broken. In an uptrend, the wedge slopes up with the trend and narrows a the apex. They can be long term patterns, ROST has broken long entry level, experienced a throwback, and is now below long entry level. I am waiting for a sign that the rising wedge is finished with this stock which my be by tomorrow )o: but who knows. Negative volume is high, showing smart money is interested in ROST. Short interest is low. No recommendation. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." Gap below price
NASDAQ:ROST
by lauralea
ROST Long Swing Trade for Week of 7.19ROST looking like a buy here this week(19.7.2020). 4hr chart has already had a MACD cross over, with volume; along with Fridays action closing with bullish volume. I would expect this to continue over the coming days if Monday has the same action. With earnings at the latter half of next month; no reason to expect any bad news comes out. Would want 1hr candle close above 85.50 to enter this trade. Targets/ Stops: Target 1: 88.22 Target 2: 92.00 Target 3: 98.61 Stop: 81.60. Best of Luck, --d0x
NASDAQ:ROSTLong
by Parad0x_
$ROST can continue to be falling todayCorrelation trading strategy idea analysis. 2 days ago I showed you the possibility to make a long trade of Ross Stores after publishing the earnings report. But the earnings report was worse than I expected. Yesterday $ROST fell lover. Also, there was a good correlation between this stock and $SPY. In my previous ideas, I showed my vision of correlating moves. There are a lot of companies, which reflects the overall market condition and are good for correlation intraday trading. But after the good news, some companies more tend to go up with the market than do down. After the bad news, like in the case with $ROST, companies tend to go down with the market than go up. Today I want to show you the possibility to make one of more intraday correlation shorts of this stock. Look on the $SPY and $ROST charts. The last two days downside $ROST moves were stronger than upside moves. Following the correlation trading strategy, it is reasonable to wait for correlated support level breaking. When $SPY and $ROST simultaneously break their support levels, It will be possible to short $ROST. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:ROSTShort
by KozakHlib
$ROST can gap up todayEarnings trading strategy signal. The US off-price retail apparel and home fashion stores operator Ross Stores has been increasing sales (from $11.04 bln in 2015 to $14.98 in 2019) and EPS (earnings per share: from 2.24 to 4.3) for 4 years straight. The last two of four published $ROST ratings from analyst companies were good, one was neutral. So the price is more predetermined to rise than fall. The Zacks Consensus Estimate for EPS is $1.26, (+5% year-over-year change), for revenue — $4.37 billion (+6.4% from the year-ago quarter) — finance.yahoo.com Previous earnings report beats EPS and revenue estimates. I suppose this earnings report will also be with such a pleasant surprise. Also, confident EPS and sales growth are positive factors, which can cause today`s gap up. So we hypothesize that $ROST is ready for the next gap up after publishing earnings report today after market close. The last three days show the bearish market probably ends. So we can long stocks before earnings again. Due to strategy, the buy long can be from the price 10 minutes before market close. It is too risky to buy now due to huge ATR. target profit — +$5 per share; stop-loss — -$5 per share. Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:ROSTLong
by KozakHlib