Ross Stores, Inc. : A good opportunity on the security
Entry price | Target | Stop-loss | Potential |
---|
US$71.88 |
US$76.9 |
US$69.4 |
+6.98% |
---|
A bullish movement could come to support Ross Stores in the coming sessions.
The financial figures are really in a good trends for years. The data show sharp regularity on growth. This stability provide a good visibility to investors. Analysts are also very confident on the security with an average target price at USD 79.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline has lead the share to the USD 71.25 support. Therefore, a technical rebound will fix an objective near the USD 76.9 short-term resistance.
A rebound seems possible on the USD 71.25 area. It could be a basis for a purchase to target USD 76.92. A stop loss will be fixed below the entry point to limit the risk.
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