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.