Charting Ross Stores (ROST)

Scott is looking at the chart of ROST with Ben Watson. Since November earnings, ROST is consolidating in an upward channel with the 50 period moving average as a guidepost. The channel is symmetrical, and acts as support and resistance in an upward trend. Outside the channel, Ben identifies a horizontal support level and the RSI suggests weakness due to a slight bearish divergence.

Chart Master

24 May 2021

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Charting Ross Stores (ROST)

Scott is looking at the chart of ROST with Ben Watson. Since November earnings, ROST is consolidating in an upward channel with the 50 period moving average as a guidepost. The channel is symmetrical, and acts as support and resistance in an upward trend. Outside the channel, Ben identifies a horizontal support level and the RSI suggests weakness due to a slight bearish divergence.

Chart Master

24 May 2021