andrew.berg
Short

$WBA forms a bear flag

NASDAQ:WBA   WALGREENS BOOTS ALLIANCE INC
Big Picture:
Market is hovering around major resistance and curling down. Index for biotechnology is lagging.

The company posted an earnings and reaction of investors was negative. No, it is building nive bear flag and with today's close it was resolved.

Trade Management:
Entry near $80.70 with respective stop at $82.20 make this trade very attractive from risk/reward point of view.
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