Today's Technical View on Rite Aid, CVS Caremark, Walgreen, and GNC Holdings

 Today's Technical View on Rite Aid, CVS Caremark, Walgreen, and GNC Holdings

PR Newswire

LONDON, April 4, 2013

LONDON, April 4, 2013 /PRNewswire/ --

Drug store operators such as Rite Aid Corporation (NYSE: RAD), CVS Caremark
Corporation (NYSE: CVS), Walgreen Company (NYSE: WAG), and GNC Holdings Inc.
(NYSE: GNC) are expected to benefit from an aging population in the U.S.
Meanwhile, increasing demand for affordable healthcare also offers significant
opportunities to pharmacies. Drug store operators are also looking to
diversify their revenue streams. Another key trend to emerge for the industry
is President Obama's healthcare reform, which was upheld by the Supreme Court.
The reform is expected to benefit pharmacies in the long-term. Pharmacy stocks
ended mostly lower on Wednesday as the broad market tumbled on concerns over
North Korea and as investors digested some weak economic data.StockCall
initiated free in-depth technical analysis on RAD, CVS, WAG, and GNC which are
currently available upon sign up at

Shares of Rite Aid Corporation tumbled in trading on Wednesday. The stock fell
to an intra-day low of $1.70 before paring some of the losses to finish the
day 3.85% lower at $1.75. Rite Aid's shares have now fallen nearly 8% this
week. Despite posting significant losses this week, the company's shares have
gained more than 28% for the year. The stock is currently trading more than
10% below its 52-week high. Shares of RAD have fallen sharply after failing to
break through $1.90 resistance level. The stock currently has support at
around $1.70. Sign up for the free technical analysis on RAD at

Shares of CVS Caremark Corporation fell sharply yesterday. The stock ended the
day 2.01% lower at $54.13 after touching an intra-day low of $53.94. CVS
Caremark's shares have outperformed the broad market so far in 2013, gaining
more than 12.40%. However, the stock's technical indicators suggest that
market sentiment has turned bearish. The stock's MACD has just crossed below
the signal line, which is a negative signal. The decline on Wednesday also
came on significant volume. Download the free report on CVS by registering at

Shares of Walgreen Company touched a 52-week high of $48.18 on Wednesday,
however, the stock failed to hold on to its gains. Walgreen's shares fell
2.16% to finish at $46.30 yesterday. The stock is now down nearly 2.90% for
the week. Walgreen's shares, however, have had an excellent run in 2013 so
far, gaining nearly 26%. The stock's MACD chart, though, suggests that market
sentiment is turning bearish. Shares of WAG currently have support at around
$46. The free report on WAG can be downloaded by signing up now at

Shares of GNC Holdings Inc. edged higher in its last trading session; however,
the gains were limited. The stock closed 0.40% higher at $40.05 after touching
an intra-day high of $40.63. The stock has now gained nearly 2% for the week
even as the broad market has struggled. GNC's shares are now trading close to
$41 resistance level. The stock's MACD has just crossed above the signal line,
which is a bearish signal. The stock is also trading well above its 50-day and
200-day moving averages. Year-to-date, the company's shares gained more than
20.80%. Free report on GNC can be accessed by registering at

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