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Rite Aid Corporation Message Board

  • distantdrummer distantdrummer Sep 12, 2013 12:01 PM Flag

    Some Facts, not assumptions

    “A picture is worth a thousand words.”

    1. Rad has traded above its 5,10 and 20 Day Simple Moving Average for the last 8 weeks.
    2. The 20 DSMA has held any extreme consolidation for 8 weeks and the trend has remained “up”.
    3. The 10 DSMA has held weekly consolidations the last 4 weeks and has trended “up”.
    4. The 5 DSMA (currently $3.60) has held daily consolidations 4 weeks and has trended “up”

    Technically, the stock just goes up, pulls back a tiny bit and moves up again.
    Technicals are only a reflection of Fundamentals and momentum caused by Buying Interest or Selling Interest. Rad is currently driven by good fundamentals and good buying interest, along with some short-covering.

    Posters can rant and rave about this bad thing and that bad thing, but the stock trends up and... as they in Advertising.... “A picture is worth a thousand words”....look at the charts.

    Sentiment: Strong Buy

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