Seems like we will test 60 back or 64.
WBA is sitting on support. Wait for dust to settle. If 59 breaks, it will go down. I believe Amazon entrance is over done and it will recover.
Walgreens WBA replaces to General Electric GE on Dow Jones Industrial Average.
long term trend is trending down finding support at 80.21 looking to play for a mini breakout short term ascending triangle on intermediate time frame increasing positive volume pressure/ increasing relative strength measured move up to around 82.32 resistance area risk reward ratio= 3.25 stop at 81.15 remaining cautious as longer trend is to the down side
Walgreens Boots Alliance stock has been in a defined bullish trend since the beginning of 2016. Its current position displays the stock is ready to cycle down. The typical movement occurs over a period of 15 or more trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 62.2076. RSI tends to determine trends,...
Entry @ 84.72 and reward around @ 91 within Feb2017
WBA announces earnings tomorrow before market open, so look to put on a play before today's NY close. Here are the metrics for defined/undefined risk setups: WBA July 15th 76.5/90 short strangle POP%: 76% Max Profit: $106/contract Max Loss/Buying Power Effect: Undefined/$1031/contract WBA July 15th 74/78/89/93 iron condor POP%: 67% Max Profit: $104/contract Max...
Although I traditionally see earnings season as beginning with the first play in the alphabet (AA), there are some that occur before AA that I've frequently played. Next week, it's MON, BBBY, and WBA. MON announces earnings on 1/6 before market open (look to put on that play before Tuesday NY close); WBA, 1/7 before market open (put on Wednesday before market...
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.