Market Overview

Rite Aid Falls On Technical Focus

Share:
Rite Aid Falls On Technical Focus
Related RAD
Citi: Buy Walgreens' Core, Rite Aid Is A Bonus
Walgreens Boots Alliance Reports Solid Q1, Raises Lower End Of Guidance
January Retail Sales Chilled By Jonas, Stock Market Volatility (Investor's Business Daily)

Shares of Rite Aid (NYSE: RAD) are down 4.4 percent amid investor speculation on common trends in its price graph.

Rite Aid has been testing the $7 price level since the drug retailer's positive Q4 earnings release in April, followed by a short-lived rally to all-time highs of $8.61. Following Rite Aid's rally from late April to early June, shares faced a modest sell-off, retracing back to the low $7 range.

It appears that traders have identified the $7 price level as a focus, being right above the mean 50 percent level year to date.

Posted-In: Movers Tech

 

Related Articles (RAD)

View Comments and Join the Discussion!

Get Benzinga's Newsletters