Ross Stores Inc. (NASDAQ:ROST) is a leading discount retailer. The stock is trading lower today by $1.01 to $68.87 a share. Traders can watch the $68.00 area for short term intra-day support. Should the stock decline further today short term traders should watch the $66.75 are as the next important intra-day support level. Both levels could see small intra-day bounces.
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.