Nearest Support: $17
Nearest Support: $2.50
Catalyst: Technical Setup Last up, shares of retail pharmacy chain Rite Aid ( RAD) are up 3.5% this afternoon, buoyed by strong volume thanks to a bullish setup in the stock. RAD has been on fire for the last several months, rallying hard on the heels of improving fundamentals. Now, with support nearby at $2.50, today's breakout to new highs is providing a buying opportunity for shares. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. Traders who aren't too risk-averse can enter a position here with a tight stop in place. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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