iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Drugstore Cowboys Fighting off the Range

The three main drugstore plays, CVS RAD WAG, have held in pretty well over the past few quarters. CVS on the first chart below is still in a powerful bull run, looking to trigger another leg higher with a move thorough $50. RAD saw a spurt of buy volume over the past month, with $1.46 serving as a trigger there for continuation of the move. Finally, WAG should hold here above $37 to cement its recent breakout on the weekly.

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One comment

  1. akflyer

    RAD saw a spurt of buy volume over the past month, with $1.46 serving as a trigger there for continuation of the move.
    Don’t understand the 1.46 reference, chess.

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