SmarTrend Watching for Potential Pullback in Shares of Rite Aid After 10.96% Gain
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[February 14, 2012]

SmarTrend Watching for Potential Pullback in Shares of Rite Aid After 10.96% Gain

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Rite Aid (NYSE:RAD) traded in a range yesterday that spanned from a low of $1.46 to a high of $1.64. Yesterday, the shares gained 11.0%, which took the trading range above the 3-day high of $1.61 on volume of 21.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that subscribers consider buying shares of Rite Aid on October 27th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.14. Since that recommendation, shares of Rite Aid have risen 28.1%. We continue to monitor RAD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Rite Aid share prices have been bracketed by a low of $0.85 and a high of $1.64 and are now at $1.62, 91% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 1.57% higher over the past week, respectively.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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