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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These well-known names are displaying noteworthy technical deterioration.
Aggressive trading is not inconsistent with a cautious market approach.
Among the things to watch: How Q3 demand is trending for markets such as smartphones, online advertising, streaming and e-commerce.
There is little for prudent market players to do but to stay with the trend, even if it feels silly to do so.