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Trade Alert - Rite Aid High Volume

Published on Thursday, 05 January 2012 11:38 Written by Danny Miller

rad New York, January 5th (TradersHuddle.com) - Unusual high volume detected on shares of Rite Aid Corporation (NYSE:RAD), early in the trading session. Rite Aid is currently trading higher by 4%, so definitely the buyers stepping in, as the stock's volume is already above average.

Rite Aid Corporation (NYSE:RAD) operates a retail drugstore chain across various States. The stores sell prescription drugs, nonprescription medications, health aids, cosmetics, and other consumer products.

Rite Aid has already traded 1.253 times its 3-month average volume, and has calculated support and resistance at $1.14 and $1.25 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.35% from its previous trading close, which means that Rite Aid stock is outperforming the overall market.

Rite Aid Prices Add-On Offering of Senior Notes $421M Notes;Offering Price at 101.25% for $426.3M - Benzinga
Rite Aid Announces Add-on Offering of Previously Issued 9.25% Senior Notes as Part of a Refinancing of Its 9.375% Senior Notes Due 2015 - Benzinga
Rite Aid Expects 2013 Loss - TheStreet.com
Rite Aid Is Starting to Look Healthy - TheStreet.com
Rite Aid Earnings Overtake Deal Hopes - TheStreet.com
Rite Aid Reports 3.1% Same Store Sales Increase for February - Benzinga
Notable Call Options Activity in Rite Aid - Benzinga
Three More Long Shots for the Bold Investor - TheStreet.com
Rite Aid to Provide 340B Contract Pharmacy Services To Safety-net Health Centers and Hospitals Nationwide through CaptureRx - Benzinga
Quad/Graphics Expands Services to Rite Aid in New Multiyear, Multichannel Agreement - Benzinga

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