"Three things you shouldn't buy at RAD"
Question to the Fool, how many things you should not buy at Walmart and Costco? List that for me. A few months back another article said a few things you should not buy at Costco, Shrimp is one of them. They said that Costco sells Shrimp and fish imported from the third world countries that contaminated lead and a whole bunch of chemicals and diseases. They also said you should not buy BOOKS, DVD, CD, Perishables, Diapers, Laundry Detergent, Paper Goods from Costco, so does that mean you should buy those Costco items at RAD instead? Walmart got hit too then you should buy Walmart and Costco items at RAD.
Why do the analysts wait until it's too late to get in? Why do they wait until RAD breaks the resistance of $9 to give a buy signal when they can get in cheaper? This is what I don't get. See the news below.
Drugstore chain Rite Aid (RAD - Get Report) is showing traders a bounce of its own for technical reasons this afternoon.
Nearest Resistance: $9
Nearest Support: $8.25
Catalyst: Technical Setup
Rite Aid has been forming a bullish ascending triangle setup in the long-term, and it's getting close to triggering a buy signal with a breakout above $9. Shares are within 25 cents of that key resistance level as I write today.
If Rite Aid buyers can propel this stock above $9, it becomes buyable. Just keep a tight protective stop in place if you decide to jump into this retail pharmacy chain