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$RAD Is A Speculative Bounce Play$RAD is one which we nailed the move higher. Now that the stock has come back down, we believe it's a speculative bounce play here. Although you will want to give it some room as the stock could drop to the $9 to $10 region and bounce from there. That's why $RAD is one that you dip your toe in at current levels. Right now $RAD is a bull/bear battle and is dependent on management executing a turnaround. $WBA delivered disappointing earnings yesterday, so the drugstore sector has its challenges. However, they are everywhere and people still shop in them. We believe $RAD will eventually get back into the $20s and deliver 100% gains for those that are patient. Keep in mind that shorts are heavily exposed as 27% of the float has been sold short. It won't take much to get a short-covering rally going. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania. As always, use protective stops and trade with caution. Good luck to all!
RLong
by InsiderFinancial
RAD - DAILY CHART Hi, today we are going to talk about Rite Aid and its current landscape. Rite Aid is poised to receive increasing attention from the market as relevant events are taking place. The American drugstore chain issued better than expected EPS, and sales results for its third-quarter report also raised its fiscal-year EPS guidance above estimates. Positive news that can be attributed to the company's efforts to deploy its new strategy, which includes investment into its pharmacy benefit manager. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
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by Igor-Silva
1
$RAD Looking To Reverse The Downtrend$RAD is showing signs of bullishness after breaking out to the upside above $11. With the charts showing an inverse head and shoulders pattern, we believe the worse is over for $RAD. Shares are also now trading above the 200 day moving average of $9.76 a share. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania. As always, trade with caution and use protective stops. Good luck to all!
RLong
by InsiderFinancial