RAD
$RAD Is A Speculative Bounce Play$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!
RAD BUY ?RAD testing weekly 2/1. Should the price break and closes above 2/1 then which suggest stock is bullish ?
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.
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$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!
Flipped Long on $RADvery strong bounce off of ~$6.50 support. Is this the start of a macro bull cycle for RiteAid as history showed?
$RAD got rejected hard at ~$10 I flipped short just in time earlier this morning. I think RiteAid will definitely test $6 daily support as best case scenario. Worst case scenario imo is $4.50-5 and then it hits that yellow monthly trend-line.
RiteAid is about to explode Pretty self explanatory, strong reaction to the upside every time it touched yellow trend line. looks like it is setting up to do that within this month or the next.
RAD - Not even close to being doneDoes this look like it's ready to breakout yet? 2 clean rejections, and not even near the end of the coil. Go back to 2008.
RAD - Sharp Rejection at Trendline but Will Likely Retest AgainThe touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.
Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.
Long-term: Look for a break above $1 after we coil down a bit more.
Bearish beautiful S-curve 15min on RADMy thoughts on RAD: puts sale with this 15 minutes S-curve...
only my plan.
Rite Aid Wedge Reversal forming and MACD crossoverbuy at the bottom of crossover.
Sell Target: $2.60
RAD wedge pattern points upwardRAD pharmaceuticals has been in a downtrend and indicated by the reversal in trend plus my analysis, shows a wedge form showing the bulls are ready to step in.
RAD - Channel breakout long from $2.34 to $3.93RAD seems breaking out a triangle formation in the short term & in the long term it is breaking out a downward channel formation. We think it will continue from here as the breakout was with strong volume.
* Trade Criteria *
Date First Found- January 11, 2018
Pattern/Why- Possible momentum play
Entry Target Criteria- Current price ($2.34)
Exit Target Criteria- 1st target $2.93, 2nd Target- $3.93
Stop Loss Criteria- $2.18
Please check back for Trade updates. (Note: Trade update is little delayed here.)