*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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Thursday, August 19, 2010
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HSCO (pink) beaten down. Check it out.
ReplyDeleteReally 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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