WBA is Walgreens. On the daily chart it is down about 50% from the highs of late 2019, the
summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online
mail-order prescription filling and online in general. Like others, it may be suffering from
potential downside of litigation related to the opioid epidemic.
Mark Cuban and his Cost Plus Drugs may be having an impact on WBA . Merely a reasonable
conjecture on my part. WBA beat earnings for three years of quarters prior to this most recent
one. Importantly, on the long-range volume profile WBA is below the POC line where most
traders prefer to trade. It is even farther below the POC line of the near term volume profile.
The other indicators show ongoing or even accelerating bearish momentum.
I will short WBA in what I think will be a long-duration swing trade. I will look into put option
contracts as well.
summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online
mail-order prescription filling and online in general. Like others, it may be suffering from
potential downside of litigation related to the opioid epidemic.
Mark Cuban and his Cost Plus Drugs may be having an impact on WBA . Merely a reasonable
conjecture on my part. WBA beat earnings for three years of quarters prior to this most recent
one. Importantly, on the long-range volume profile WBA is below the POC line where most
traders prefer to trade. It is even farther below the POC line of the near term volume profile.
The other indicators show ongoing or even accelerating bearish momentum.
I will short WBA in what I think will be a long-duration swing trade. I will look into put option
contracts as well.