ROST ends the day indecisive
Ross Stores (ROST) Technical Analysis Report for Aug 10, 2018
ROST ended the week 2.86% higher at 91.60 after losing $0.57 (-0.62%) today. Closing below Thursday's low at 91.67, the share confirms its breakout through the prior session's low having traded $0.74 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (ROST as at Aug 10, 2018):
Friday's trading range was $1.67 (1.83%), that's slightly below last trading month's daily average range of $1.70. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way above average.
After having been unable to move above 92.72 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 92.60.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying might accelerate should prices move above the nearby swing high at 92.72 where further buy stops could get activated.