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Ross Stores Inc. Message Board

  • marty81274 marty81274 Sep 27, 2012 10:33 AM Flag

    3 Month low

    The last time we were this low on ROST was 3 months ago. Has not business improved!!! Are we due for a pop over 70$ soon? I sure hope so

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    • Dude,...relax. the stock has poured on a major move for the last year. It's taking a breather, which will make the stock less likely to take a serious beating, back to the 50's....while I've never owned the shares, I've made a ton of $$ on ROST selling puts, as I still have Oct-65's out there; which are both under water and in the money. With the move over the past year, I expect the shares to trade sideways for a while, maybe $60-$65. It's barely holding the 200dma. It will need to take out the 50dma to go higher. The RSI is declining and not a good sign. I'll take in the shares if it doesn't hold $65 come Oct expiration.

63.40-0.01(-0.02%)Oct 21 4:00 PMEDT