RAD above 200dsma for first time since 2017

Shares of RAD have been brutal to own, but that may be turning around.

After breaking a year-plus downtrend, shares have now moved above their 200 day moving average.

With potential takeover catalysts, high short interest (15%), and improving technicals, there may be some room to run.

I'm long shares and calls, both of which may be added to if this move is sustained.

Comment:

Although the shares have been under pressure following the abandonment of the Albertson's merger, it's worth noting that shares fell and have, thus far, held that white trend line, which is at least somewhat encouraging.

I'm still long stock and calls and am sticking with it. If you're not in this name, I suggest taking a look as a speculative position. At a dollar and change, the risk/reward is compelling.