Wednesday, July 10, 2013

ROST - did it break range?

ROST has been in this range for a long time as seen on the daily and weekly chart. It dipped below the range for a bit and came straight back into the range. Now it has broken out of the range and again came back to the range. I think this is the place where the moving averages are changing trend i.e. 20 day ma is going higher than the 40 day ma, telling me that it will now go higher..Weekly has also turned up