Currently well into the divergence following a death cross; with earnings tomorrow, the current trend could reverse towards a future golden cross. However, the last earnings date began the divergence to the death cross in the first place.
If the stock can not rally in the midst of a health scare, surely it is beyond investing.
Look for a sustained rally and reclaim of the 7&12 Moving averages.
Alert set for move above $50.00
$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...
Not a perfect Bat Pattern......
Looking to re-enter this trade after hitting T1 and a channel break in the area indicated.
Original trade was initiated with identification of a Bullish Bat Pattern and AB=CD challenge and break.
Confirmation came from a price/indicator divergence and COT of Lazy Boy's Squeeze Momentum indicator in the bottom panel
Lets see...
Entry level $59.90 = Target price $64.07 = Stop loss $58.43
Indicators bullish and in particular the crossing of the 7&12 ma's signalling a reversal possible.
P/E ratio 13
Yield 3.4%
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy...
WBA broke above the CDC Trailing Stop, the Volatility Stop and the Slingshot program.
Also bouncing off 50 MA
First Target: Expect a move resistance at $63
Second Target: 161% Fib at 69.
Hi, today we are going to talk about Walgreens and its current landscape.
The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction.
In the justice...
