Long Position on ROST @ $55.00 on 2/17/2016 (Momentum)

Upward Trading Channel on ROSTRoss 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 October 12, 2015, it operated 1,276 off-price apparel and home fashion stores in 34 states, the District of Columbia, and Guam; and 172 dd's DISCOUNTS stores in 15 states. 

Shares are heading higher in an upward trading channel ahead of the Company's quarterly results on March 1. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $43.47 - $57.19

Entry Point: $55.00

Stop Loss: $52.00

Target Price: $60.50

Updates

4/18/2016 1:18:57 PM

ROST closed at $57.87. Money will be used in other stocks. 

Position closed on 4/18/2016 at price of $57.87 with a 5.22% gain in 61 days.

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