More Upside for Rite Aid ?

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More Upside for Rite Aid ?

Published on Tuesday, 07 February 2012 11:34 Written by TradersHuddle Wire

rad New York, February 7th (TradersHuddle.com) - Shares of Rite Aid Corporation (NYSE:RAD) booked a new 52 week high today by trading above $1.54, traders are definitely monitoring Rite Aid's price action to see if this move attracts further buying into the stock.

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 is currently trading 2.32% versus its previous trading session close, and it has calculated support and resistance at $1.28 and $1.54 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.13% from its previous trading close, which means that Rite Aid stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

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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