TradingMarkets Chart of the Day
These are stocks that have closed down for five or more
consecutive days and are trading above their 200-day moving average. Our
research shows that stocks trading above their 200-day moving average that close
down for five or more days have shown positive returns, on average, 1-day,
2-days and 1-week later. Historically, these stocks have provided
traders with a significant edge. To learn more about our research into stocks
that make five, or more, consecutive down days, and how to use this information,
click here.
Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating) has been trading above its
200-day moving average since
3/24/2006,
confirming its uptrend. Watch for price to potentially move back up over the next few days, as the stock
corrects itself back into the direction of the long term trend.
Use pullbacks to get a better price on your
buy-in.