Investors are constantly looking for ways to achieve success trading the stock market. Veteran investors may have spent many years trying to figure out the best way to build a winning stock portfolio. Unfortunately, there is no secret formula to beating the market. New investors may start trading with some preconceived notions about how to make money in stocks. Although there are some methods that might have worked in the past, nobody can guarantee future results based on past methods and performance. Investors may end up finding out the hard way that there is rarely any substitute for hard work and dedication, especially when picking stocks.
Taking a look at some historical highs and lows for Rite Aid Corporation (NYSE:RAD), we see that the all time high is currently 1022.5, and the all time low is 3.12501562. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 40.4, and the low price stands at 6.14. For the last six months, the high was seen at 20, and the low was tracked at 6.14. If we move in closer, the three month high/low is 11.3672/6.14, and the one month high/low is 9.96/6.14.
Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings:
SMA 50 day: 7.848512
SMA 30 day: 8.54029333
SMA 200 day: 9.9397109
SMA 20 day: 8.78118
SMA 100 day: 7.948106
SMA 10 day8.53786
Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is -0.24676427. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.
Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 8.86767519. The 20 day lower band is noted at 8.08385359. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.
Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below:
Ichimoku Lead 1: 7.915
Ichimoku Lead 2: 7.915
Ichimoku Cloud Base Line: 8.845
Ichimoku Cloud Conversion Line: 8.58
For many individual investors, deciding the proper time to sell a stock may be just as important as figuring out which stocks to buy at the outset. Investors may be reviewing the portfolio and looking at some stocks that have taken off and made a big run to the upside. When this occurs, investors may need to make the tough decision of whether to take some profits or hold out for further gains. Because every scenario is different, investors may want to dig a little deeper into the fundamentals before making a decision. If the stock’s fundamentals have weakened, it might be time to reassess the position.