Looking over the charts and indicators for Rite Aid Corp. (RAD) tells me that stock is ready for an upside breakout. Let's visit with the charts of the largest drugstore chain on the East Coast.
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The move we're seeing is tough for underinvested bulls that need entry points and even tougher for bears that are trying to fight the strength.
Let's examine the charts and indicators to see if the correction in LRCX has run its course.
I understand and appreciate all the reasons that support a bearish view, but I will follow the price action until it starts to shift.