Rite Aid: Ascending Triangle Is Forming

 | Apr 13, 2015 09:09AM ET

Rite Aid Corporation (NYSE:RAD) shares lost support offered by the old 13-year high from 2014 @ $8.62. Uptrend line is still intact though, offering support @ $8. An ascending triangle is forming but is not complete yet. The year 2001 high just below $10 is the big upside target.

RAD stock price (1 year)