Watching this for a little more consolidation and correction through time. Time this with a market pullback or a hold of the upmove Breakout should see a move over $10 $10 key magnet, a break over that to new highs could see a sustained upmove through the year
Rite And Corp if crosses the above trendline will open doors to flag tp levels Entry At Trendline Close Exit At Flag Stop Below Trendline
Taking a look at this chart I saw a lot of bullish indicators and very few bearish. I expect earnings to either be in line or beat with strong future guidance.
Looking good after a good earnings report last quarter.
RAD expected to open at 6.94 for a Retest Gap Watch out for nearby support and resistance. To learn to trade this strategy, go to www.RealLifeTrading.com
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...
Nice- Been watching Like a hawk I wanted to buy @ $5 even ... but missed my traing it only saw 5.08, however Regardless of bias there would be certain buyer interested at the lows fives for quick pops a almost guaranteed .25 return is a trade in and of itself
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...