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Ross Stores (ROST) Trading Near $66.08 Resistance Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Ross Stores (<a href="http://www.marketintelligencecenter.com/symbol/ROST">ROST</a>). Look at the Dec 15, 2017 $62.50 covered call for a net debit in the $61.16 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.26%. If the stock closes at or above $62.50 at expiration this trade will return 2.17% or 22.67% (for comparison purposes only). <br /> <br /> ROST closed Nov 9, 2017's trading session at $64.56. In the past year, the stock has hit a 52-week low of $52.85 and 52-week high of $69.81. Ross Stores stock has been showing support around $62.80 and resistance in the $66.08 range. Technical indicators for the stock are bearish and S&P gives ROST 4 STARS (out of 5) buy ranking.

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