RAD | Strong support at $9.50 | Oversold | Tangible Staple
Where are you spending your money during COVID? Where can you get a COVID test? Where do you get your medicine? Where can you go to get a cheap doctor visit? Where can you buy alcohol and tobacco?
Rite Aid (RAD) is a yes to all of the above. They aren't going anywhere.
The RSI is maxing out (Oversold) on all charts and it is near all time lows.
If you want to chase growth and tech stocks right now at expensive option prices good luck. I enjoyed the ride down in March and the ride up, but I am hopping off that train and looking for value. Rite Aid = Value. Long options are super cheap out through 2023. Very safe and profitable trade IMO.
Rite Aid (RAD) is a yes to all of the above. They aren't going anywhere.
The RSI is maxing out (Oversold) on all charts and it is near all time lows.
If you want to chase growth and tech stocks right now at expensive option prices good luck. I enjoyed the ride down in March and the ride up, but I am hopping off that train and looking for value. Rite Aid = Value. Long options are super cheap out through 2023. Very safe and profitable trade IMO.
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