Long Position on ROST @ $53.00 on 8/3/2015 (Momentum)

Ross Stores, Inc. (ROST) operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States.

It primarily offers apparel, accessories, footwear, and home fashions.

The company’s Ross Dress for Less stores sell its products at everyday savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd’s DISCOUNTS stores sell its products at everyday savings of 20% to 70% off moderate department and discount store regular prices to moderate income households.

As of July 16, 2015, it operated 1,400 off-price apparel and home fashion stores in 33 states, the District of Columbia, and Guam. 

The company is schedueled to report its quarterly results on August 20th. Ahead of that, shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $32.08 - $54.46

Entry Point: $53.00

Stop Loss: $50.00

Target Price: $58.30

Updates

9/3/2015 12:04:42 PM

ROST closed at $49.14

Position closed on 9/3/2015 at price of $49.14 with a -7.28% loss in 31 days.

Back to Portfolio