Rite Aid Corporation (NYSE: RAD), a retail drugstore chain in the U.S., is up sharply in mid-day trading today, extending its gains from the previous trading sessions. RAD has finished higher in each of the previous seven trading sessions. The stock has bounced back after falling sharply earlier in the month. RAD had slipped after it reported a 2.2% decline in same-store sales for December.
At last check, RAD was trading 1.28% higher at $1.58 on volume of 6.20 million, which is well below the daily average volume of 15.30 million. The stock has gained more than 15% in the last five trading sessions.
Find out if RAD could pick up more steam in the upcoming trading sessions by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=RAD
Another stock that has been rallying over the last two weeks is Micron Technology Inc. (NASDAQ: MU), a worldwide manufacturer and marketer of semiconductor devices. MU has finished higher in each of the previous 12 trading sessions. The stock has bounced back after falling sharply late last month on disappointing first-quarter results.
MU is currently trading 1.89% higher at $7.82 on volume of 10.32 million, which is less than half of the daily average volume of 24.90 million. The stock has gained nearly 18% so far this month. MU has broken through some key technical levels as a result of the rally. The stock could see a pullback in the next few trading sessions on profit booking.
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SOURCE Investor Alley, Inc.