Walgreen Company -WAG - Daily - Working nicely on the first day!

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With all of the talk about CVS             going "healthy" (even though they sell plenty of unhealthy products and lifestyle products), Walgreen stands to pick up the slack from the lost sales of tobacco products. I'm sure local businesses are thrilled for the extra profits.

Walgreens is deeply oversold after they announced their major acquisition (but without doing a tax inversion to get the lower, international corporate tax rate). America will someday wake up and realize we need to be competitive.

Note how closely these stocks pair together but WAG was ahead of CVS             going into summer and now it is playing "catch-up" to CVS             which is going to its own new high.

WAG long - 62.48 (reit from earlier today when I put this out at 61.40+)
CVS             short - 80.31

Also note on chart is wrong: WAG didn't get hit on poor earnings - rather - the acquisition announced didn't take advantage of "tax inversion".

Tim 4:18PM EST Sep 4, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Walgreen has almost hit it's KEY HIDDEN LEVEL with the rally to today's high. Consider lightening up.
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