OptionsPlay DailyPlay

The DailyPlay we chose for Tuesday March 31st is Rite Aid Corporation (RAD). RAD is part of the S&P SPDR Retail ETF (XRT). XRT is in a strong bullish trend as it experiences a 1.34% move higher on March 30th.

Rite Aid Corporation’s 1-month and 6-month trend indicators are bullish as it breaks above its $8.47 resistance level to set a new 52-week high. RAD releases earnings on April 8th, 2015 . After beating estimates for the previous four quarters, we are confident that RAD will continue higher.

View this trade idea on $RAD