Will Chart Analysts Notice Bad Omen on Ross Stores's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on Ross Stores' (NASDAQ: ROST) chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a possible change in the long-term trend.
June 19, 2023 | 2:48 pm
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Ross Stores' chart has formed a 'death cross', indicating a potential bearish trend for the stock. This may lead investors to consider short positions.
The 'death cross' is a technical indicator that occurs when the 50-day moving average moves below the 200-day moving average. This is generally considered a bearish signal, indicating that the long-term trend may be changing. As a result, investors may consider short positions based on this signal and other factors such as price levels and company fundamentals.
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