the price just broke below the short term moving aver. this confirms the sell signal given by the mach 10 days ago and the sto sell signal which came last week . the sto and the macd are entering into oversold territory .. they probably will go further making 20 a big possibility which is where there is giant support .. if the price gets anywhere near there , I would expect these indicators to reverse to the upside but then there would be resistance back at the moving aver. line .. The best remedy would be for the overall market to get its act back together .
the last thing this stock is doing today is acting like its going to be taken over . down on a market up day . the sto just gave a sell signal .. to avoid that confirmation , it needs to stay above the short term moving aver. which its getting very close to .
I question that downgrade . The co. has 8 positive and 1 negative fundamental score , the negative being the PE . and where do you find a co. that has 9 to 1 assets over liabilities .. 2-1 is considered good .. Ive been waiting for a better price and now that its broken the short term MA and has given a couple sell signals , 6.50 could be an attractive target .
Im also curious if the target price here is going to be the high made 4 yrs. ago around 6.50 . why would they manufacture this run up just so we - me also who has been here too long - be able to get out .. nobody does us any favors .. I am curious about the many insider buys that have been made making me think something else may be up and perhaps global does want it all .. the fundamentals of this co. are pretty sound . or could this move be a prediction of the chance that the co. is going to finally start making $$$ ?
Ive been watching this stock for a couple months .. was certainly overbought and now Its looking more like a much better entry point .. but .. I see there is a gap down around 6.50 .. now that its broken the short term moving aver.today , its possible that area could get filled depending on what the overall market does for the next month .
exactly true . Ive been thinking this for awhile .It does make sense . Staples and OD are about the only chain stores that do office supplies where there are several other drug stores that will still be in existence after the rite aid merger .
All I see in this report is the word DECREASE - DECREASE EARNINGS - DECREASE REVENUE .. And not just minor DECREASES ... HUGE DECREASES .. Disgusting .. this co. has gone off track badly .
I did .. when it fell to new lows at 8.11 , it was certainly acting like junk was it not ? I have no problem seeing it at 11 as long as it stays there .
It dumped to 8.17 .. maybe thats close enough to 7.50 as the rally from that low point has moved up off that enough where its now trying to break over the short term moving average and now the sto and macd are giving short and also long term buy signals .. Maybe it can actually get back over 10 but until and if it gets over 11 , its still in a downtrend .. this seriously needs a good earnings report so it can bust $11 and put a stop to this demise .
this is disappointing when the market has a good day and this thing can move anywhere but down . perhaps it is an anticipation of a not so good earnings report .. too many rats fleeing the ship when it cant hold a gain .