Rite Aid gets court approval for $575 million Elixir sale

I feel like RADCQ has been hammered and due for a relief rally. Just hours ago there was news of an approved sale for the Exilir brand (network).

We have some nice gaps above that I have outlined as possible targets. However, we are a little over bought and at resistance so you may want to wait and see if we get a retrace and sell the news event. Perhaps buy if we break 36 cents.

Not financial advice, DYOR.