ROST (Ross Stores Inc) looks to offer an objective here entry on what appears to an imminent break below the 65.50 support level following the recent double-top/divergent high & breakdown below the primary uptrend line. Should ROST print a solid weekly close below this large bearish rising wedge on the weekly time frame, the stock could very likely fall back down to the 44.50 area in the coming months, a drop of about 31% from current levels.
The sole price target at this time is T1 at 60.89 with a suggested stop above 66.83. The suggested beta-adjustment for this trade is 1.0. Should the charts on both the broad market & ROST continue to firm up the longer-term bearish case then additional targets might be added to this trade.