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RAD Trade Setup

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RAD Trade Setup

RAD (Rite Aid Corp) will trigger a long entry on a break above 3.79. The price targets are T1 at 4.12 & T2 at 4.55 with a suggested stop of any move below 3.55. The suggested beta adjustment is 0.90.

RAD daily June 5th

RAD daily June 5th

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2017-06-07T14:45:13+00:00Jun 5, 2017 10:25am|Categories: Completed Trades - Long|Tags: |3 Comments

3 Comments

  1. rsotc June 5, 2017 12:10 pm at 12:10 pm

    RAD long entry triggered on a break above 3.79

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  2. GetItRiight June 7, 2017 1:14 pm at 1:14 pm

    I am afraid this was a short trade, as it moved below the suggested stop.

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    • rsotc June 7, 2017 2:37 pm at 2:37 pm

      True. Short both in duration as well as the direction of the trade (would have worked out as a short instead of a long side trade). RAD had a failed breakout/whipsaw buy signal on a very brief pop above both the price channel & the 3.79 resistance. As with most failed breakouts, the ensuing sell-off has been pretty impulsive. Stop has been hit but will keep this one on my radar for another potential long-side trade.

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