Technical Recap on Food and Staples Retailing Equities -- Research on Walgreen, CVS Caremark, Rite Aid, and Sprouts Farmers Market Editor Note: For more information about this release, please scroll to bottom
LONDON, June 30, 2014 /PRNewswire/ --
On Friday, June 27, 2014, the NASDAQ Composite ended at 4,397.93, up 0.43%, the Dow Jones Industrial Average finished the session at 16,851.84, up 0.03% and the S&P 500 closed at 1,960.96, up 0.19%. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Consumer Staples Sector Index ended the day at 459.49, up 0.14%, and the index has gained 3.98% in the previous three months. Investor-Edge has initiated coverage on the following equities: Walgreen Co. (NYSE: WAG), CVS Caremark Corp. (NYSE: CVS), Rite Aid Corp. (NYSE: RAD) and Sprouts Farmers Market Inc. (NASDAQ: SFM). Free technical research on WAG, CVS, RAD and SFM can be downloaded upon signing up at:
Shares in Walgreen Co. edged 0.18% lower on Friday, closing the session at $74.10. A total of 4.08 million shares were traded, which was below its three months average volume of 5.78 million shares. The stock moved between $73.66 and $74.43 during the session. Walgreen Co.'s stock has gained 2.24% in the previous three trading sessions and 4.20% in the last one month. Moreover, the company's shares have surged 29.00% from the beginning of 2014. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $70.83 is above its 200-day moving average of $62.98. Furthermore, Walgreen Co.'s stock traded at a PE ratio of 23.37 and has a Relative Strength Index (RSI) of 55.78. Sign up today to read free research on WAG at:
On Friday, shares in CVS Caremark Corp. fluctuated between $75.19 and $75.78 before ending the session 0.24% higher at $75.72. The company's stock reported a trading volume of 7.27 million shares, much above its three months average volume of 4.61 million shares. Shares of the company traded at a PE ratio of 19.22. Over the previous three trading sessions and on YTD basis, CVS Caremark Corp.'s stock has advanced 0.32% and 5.80%, respectively. However, the company's stock has declined 2.50% in the last one month. CVS Caremark Corp.'s stock is trading below its 50-day moving average. The stock's 50-day moving average of $75.99 is above its 200-day moving average of $69.37. Additionally, the company's shares have an RSI of 43.26. Sign up today to read free research on CVS at:
Rite Aid Corp.'s stock recorded a trading volume of 95.38 million shares, much above its three months average volume of 30.67 million shares. On Friday, the stock finished the day at $7.18, which was 1.51% lower its previous day's closing of $7.29, and registered an intraday range of $7.15 and $7.29. The company's stock traded at a PE ratio of 34.53. Shares in Rite Aid Corp. have gained 2.13% in the previous three trading sessions and 41.90% on YTD basis, while the company's shares have fallen by 14.32% in the last one month. Shares in Rite Aid Corp. are trading below their 50-day moving average. The stock's 50-day moving average of $7.57 is above its 200-day moving average of $6.13. Moreover, the company's stock has an RSI of 43.90. Sign up today to read free research on RAD at:
Shares in Sprouts Farmers Market Inc. declined 0.88% on Friday, closing the day at $32.54. The stock recorded a trading volume of 6.96 million shares, much above its three months average volume of 1.41 million shares. The company's stock oscillated between $32.42 and $32.90 during the session. Shares in Sprouts Farmers Market Inc. have advanced 3.99% in the previous three trading sessions and 20.34% in the last one month, although the stock has lost 15.33% since the start of this year. Sprouts Farmers Market Inc.'s shares are trading above their 50-day moving average. The stock's 50-day moving average of $29.93 is below its 200-day moving average of $37.15. Furthermore, the company's stock traded at a PE ratio of 58.31 and has an RSI of 69.40. Sign up today to read free research on SFM at:
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