Ross Stores Inc

ROST’s price decisively broke below its key horizontal support near 234 in late August, signaling bearish acceleration in a Stage 3 distribution. Short-term conditions remain unfavorable for bullish engagement, with price below declining 9- and 20-day EMAs and no apparent rejection of downside. The medium-term tradable side is bearish, and execution should occur now, focusing on continuation participation into any minor rallies toward the broken 234–236 zone, which now acts as resistance.

• ↑Q1 sales reached $6.0B (+21% YoY); comps up 17%.
• ↑EPS rose 37% to $2.02; margins expanded 120 bps to 13.4%.
• ↓Tariff-related costs trimmed ~5¢ EPS in Q3, pressuring margins.