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Sony Corporation Message Board

mountain_bike_rider1 1 post  |  Last Activity: Jul 10, 2015 7:09 PM Member since: Mar 8, 2004
  • mountain_bike_rider1 by mountain_bike_rider1 Jul 10, 2015 7:09 PM Flag

    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

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