Use advanced tools to confirm the Bullish Flag on ROST before you trade.
Bullish continuation if preceding move was up.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation pattern.
Traders are watching Ross Stores (ROST) as price action tightens. With a last close of $232.8, volatility remains active (-0.19%). Algorithmically, a Bullish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $242.81, targeting $278.55 with support near $228.08 (R:R 2.43).
What is your outlook on ROST?