During Thursday night's Mad Money program, host Jim Cramer said he's a big fan of the off-price retailers such as Ross Stores Inc. (ROST) .
Let's check out the charts of this Trifecta Stocks holding.
In the daily bar chart of ROST, below, we can see that prices have climbed nicely since lows in March and May. ROST is above above the rising 50-day moving average line but we can see many tests of that line over the past several months. The 200-day moving average line is rising and was last tested in March and May.
Trading volume looks like it has slowed since July and is not a positive development. The daily On-Balance-Volume (OBV) line has been flat/neutral for months and has diverged from the bullish price action. Volume is not telling us the right story.
The Moving Average Convergence Divergence (MACD) oscillator has spent much of the last year above the zero line in positive territory but seems to lack sustained strength. The rally is "just okay."