Based upon trading today, RAD ended up the over major moving average.
IF this was not the usual trap (we should see early on tomorrow) it could indicate a couple of things:
1) Next stop should be around 2,04$ enroute toward the 2,48$ planned value at the merger announcement
2) If volume picks up, then it could also mean that they are revisiting the deal value to increase the % Rite Aid shareholders would get in case the merger is approved.
Lets bring in tomorrow and check that out.
Have fun
IF this was not the usual trap (we should see early on tomorrow) it could indicate a couple of things:
1) Next stop should be around 2,04$ enroute toward the 2,48$ planned value at the merger announcement
2) If volume picks up, then it could also mean that they are revisiting the deal value to increase the % Rite Aid shareholders would get in case the merger is approved.
Lets bring in tomorrow and check that out.
Have fun
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