RAD 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...
The company's share price has been under severe pressure since the deal with Walgreens $WBA has fallen through and low pharmacy reimbursement rates. Rite Aid's organic growth remains impressive, posting double digit sales growth in 2016. Earnings should get a boost from aggressive cost cutting measures. I believe the company's share price is way oversold and...
George McNamee, chairman of Plug Power's board of directors, purchased 200,000 shares of Plug stock worth more than $426,000 in September. McNamee now owns 661,131 shares of Plug’s common stock, according to a U.S. Securities and Exchange Commission disclosure filed on Monday. CEO Andy Marsh has been working to make Plug profitable for the first time in 20 years....
Expect RAD to breakdown towards 2.00 levels or more. We just broke down the downward channel, meaning a further sharp fall is ahead. SL over 3$ 1 TP on 2.00$ 2 TP on 1.75$
Premium Selling For the umpteenth week in a row, there is little in the market for high quality premium selling plays. Screening for 52-week >70 implied volatility rank, you'll basically get one quality hit at the moment, and that is COST, which has dipped significantly on AMZN/WFM merger news. A few names are approaching that 70 mark, but they have earnings...
GOING LONG ON $RAD IF IT BREAKS FALLING WEDGE...LOOKING FOR .20/30 PROFIT.
I do these lotto trades once in a while ... . I won't take credit for it, and I'm not the only "genius" who's thought of it given open interest in the March, April 6 and 7 calls ... . Here's the low-down, courtesy of Motley Fool: www.fool.com Because I'm paying a debit for this up front (the mid price for the April 21st 6 call is currently .37), I'll need price...
we are in a wave 3 of wave C of ABC down. C=A = 4.58 C=1.272 A = 61.8 Fib = 3.6-3.7 C=1.618 A = 78.6 Fib = 2.2-2.4
The last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look...
Rite Aid and I have a long history going back to a buy when it was well less than a dollar. We've recently seen a steady bullish move until the recent news that competitor Walgreen Company was looking to buy the remaining 55% of Alliance Books putting them into international markets for the first time which would potentially allow them to undercut Rite Aid. For...