Tuesday, April 18, 2006

Rite Aid

Consumer stocks are strong in a number of segments, and movement in pharmacy retailer Rite Aid (NYSE:RAD) is indicative of investor interest. RAD was particularly active last week, with 48.7-million shares trading in over 31,500 trades. The stocks current rally began in earnest in early March, with its move to $4. Trading at $4.30 today, this Stock Trends Weak Bearish stock is on our radar. It has been on the NYSE Picks of the Week report for the past two weeks.
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