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[Costa]

Rite Aid Corporation (NYSE:RAD) looks like it's getting ready to move. The price broke through its previous resistance point of 8.48, made a new 52-week high but failed to close above, however this was the first signal that I was looking for since a while. On the grand scale, in white, you will see a large cup and handle pattern and if broken the target will be around $12. Next key resistance is now located at $8.73 (yesterday's highs), a break above this level will confirm the bullish trend and the following uptrend will take price up to $9 zone.