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

By James Quinn

Rite Aid's stock is down 4.6% to $6.70 on heavy trading volume. Today's volume of 13.5 million shares tops the average 30-day volume of 10.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Rite Aid share prices have moved between a 52-week high of $9.47 and a 52-week low of $5.88 and are now trading 14% above that low price at $6.69 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: unusual volume Rite Aid

Ticker(s): RAD