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$WBA Trading At Major Support

Long
NASDAQ:WBA   Walgreens Boots Alliance, Inc
$WBA is trading at major long-term support levels around the $49 level. Besides the technical picture, the fundamentals are also supportive of a LONG position in $WBA. $WBA is trading at just 8x this year's earnings , 0.32x sales, and 14.85x FCF . We are also bullish on its competitor $RAD, which we've written up in the past.

As always, trade with caution and use protective stops.

Good luck to all!
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