Thursday, August 19, 2010

Trade alert: RAD

*Chart taken from www.stockcharts.com

Current pps: $0.978
Link to chart: link
Link to google finance: link
Company website: link





Rite Aid Corporation (NYSE:RAD) has broken it's downtrend and is in accumulation mode. A lot of negatives indicate that a close below 0.85 should be considered a strong sell. A break above 1.05 sould be a hold for a bullish action. RSI is showing an uptrend and is close to 50 showing some good signs. MACD and slow stochastics are showing some good short-term signs.
Till the time the stock closes above the lower solid black line, this stock should give us good returns and one should just sit back and watch.
*Please do your own research before buying any stock listed here.

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2 comments:

  1. HSCO (pink) beaten down. Check it out.

    ReplyDelete
  2. Really wonderful post!...I think nobody can be brief as like your post! Thank you for bringing a well thought out and reasoned comment to the discussion.

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    ReplyDelete