Good time to accumulate Rite Aid $RAD?
Rite Aid got double whammed last week. First with terrible earnings and the next day with a downgrade. The stock has traded the last three sessions with a floor around 9.60s. At open at the stock flushed and quickly hit the high from yesterday before selling off. If you are one for a long, I would hold RAD for a $11 move within the next week. At this price level which we saw in the March lows, we should start to see a recovery this week. I bought a bunch of $11 Calls for the end of November.
The Aspiring Entrepreneur
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