RAD Trade on Dec 17, 2020 09:33 from Cklamb: Tradervue User Stock Trades.

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RAD
Intraday Fundamentals
• 07:43 AM EST, 12/17/2020 (MT Newswires) – Rite Aid (RAD) reported pre-market Thursday fiscal Q3 adjusted EPS of $0.40, down from $0.54 in the same period last year. The average estimate of analysts polled by Capital IQ had called for a net loss of $0.05 per share.
• Revenue totaled $6.12 billion for the 13-week period ended Nov. 28, up from $5.46 billion for the prior-year period. That result exceeded the Street estimate of $5.84 billion. Same-store sales from continuing operations were up 4.3%, reflecting a 6.1% increase in pharmacy sales but a 0.7% decline in front-end sales.
• Moving forward, the US drugstore chain said it now expects fiscal 2021 adjusted EPS to be between $0.45 and $0.85, compared with its previous estimate for an adjusted loss of $0.67 to income of $0.09 per share. Wall Street is expecting a loss of $0.09 per share.
• It also said it now anticipates fiscal 2021 revenue to be in the range of $23.9 billion and $24.2 billion, compared with $23.5 billion to $24 billion previously. Same-store sales are seen growing in a range from 3.5% to 4.5% year over year, from 3% to 4% seen previously.
• Shares jumped as much as 6% in pre-bell trading. The stock has advanced 10.6% this year through Wednesday’s closing, compared with a 14.6% gain for the S&P 500 Index.
Technical Stats
Trading Plan
Trade Management
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Trade Notes
I got my self in a tough situation trying to short this off the PM high. I needed to take the stop at 21.30. I would end up trying to hold this and found myself adding at the next couple of hard stalls I felt were on the tape< especially the add at 22.17. This would give me a chance to take some off at my average cost a couple times. But, I tried to hold and felt like I was trying to be greedy at the time. I was forunate that this held the HoD and showed solid weakness upi until it dropped out falling through VWAP back the the PM high. I ended this with a solid cents per share win. THere was a little more here though if I would have been prepared to hold the last bit I had and been willing to add to it near 22.


Execution detail:

Date/time Symbol Side Price Position
2020-12-17 09:33:29 RAD sell $20.790 short
2020-12-17 09:37:28 RAD sell $21.683 short
2020-12-17 09:45:44 RAD sell $22.170 short
2020-12-17 10:14:05 RAD buy $21.530 short
2020-12-17 10:14:16 RAD buy $21.438 short
2020-12-17 10:14:34 RAD buy $21.479 short
2020-12-17 10:15:44 RAD buy $21.400 0


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