Price Check at Ross Stores $ROST – June 24, 2023
This is Scott McGregor at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Ross Stores ( NASDAQ: ROST ).
Now, Ross ( NASDAQ: ROST ) did pull back with the rest of the market today, but it pulled back on the low volume and is still within trend above all the major moving averages. So here’s your price to watch on Ross ( NASDAQ: ROST ), I want to see if this stock can break out above this previous consolidation base from February and March, and that’s right around 151.00.
You can see how the stock is consolidating, potentially building a bit of a sideways base just under a previous resistance zone. I want to see if this stock can base here for a couple of days and break out above that level, taking it out and doing it on volume. I want to see a breakout here above 151.00, coming on volume on ROST ( Ross ( NASDAQ: ROST ) ), that’s Ross Stores ( NASDAQ: ROST ).
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