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Rite Aid Corp Falling Today on Above-Average Volume (RAD)

By Shiri Gupta

The price of Rite Aid Corp shares has slipped to $8.13 (a 16.0% change) on heavy trading volume. About 1.9 million shares have been traded today, as compared to the 30-day average volume of 1.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Rite Aid Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rite Aid Corp in search of a potential trend change.

Over the past year, Rite Aid Corp has traded in a range of $0.02 to $11.37 and is now at $8.55, 42,650% above that low. Over the past week, the 200-day moving average (MA) has gone up 3.8% while the 50-day MA has remained constant.

Keywords: unusual volume rite aid corp

Ticker(s): RAD