WBA gapped down at the beginning of April due to an earnings report. The price continued to fall until the end of May, failed when it hit gap resistance in mid-July, & fell again creating a double-bottom at the end of August. Price has continued to fail when attempting to fill the gap but recent price drops have created an ascending triangle pattern. I'm looking...
Although WBA looked to be failing this Inversed Head and Shoulders, it became apparent that the pullback was solely due to a news based market reversal. Now it has a market in uptrend once again, a bullish pattern breakout, and an earnings increase in it's sales, and so should have a very good week ahead.
Walgreens Boots has been basing since April with a Double Bottom form ing from May to August. The stock exceeded the intermittent high, but this breakout did not hold as WAG fell back with a bull flag. The bull flag breakout reversed the short-term downtrend in mid October and WAG is again challenging resistance. I expect a breakout from this large base and would...
Entry level $56.00 = Target price $67.00 = Stop loss $54.00
Technical indicators are bullish as is the volume profile.
Expectations are very low.
Trading at a very low 10.02 P/E ratio
Company profile
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail...
Price movement after possible selling climax looks weak. Maybe further mark-down or market makers looking to accumulate remaining supply before mark-up?
Tomorrow at the opening of the market place bearish strategy for at least 60 days.
look for ATM and leaved it open until profit! If the prices raised around 2$ buy it back
CVS Health Corp (NYSE: CVS ), Walgreens Boots Alliance Inc . (NASDAQ: WBA ) and Rite Aid Corporation (NYSE: RAD) had mixed fortunes in the market. This is after announcing they will no longer sell a heartburn medication suspected of containing a cancer-causing substance. Zantac is the heartburn medication on the spotlight on the Food and Drug Administration,...
Ranges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns.
Ranges and Triangles are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
I am looking at the divergence in performance of the two "WAL" retail stocks, Walmart and Walgreens.
$WMT has rebounded sharply from the two selloffs in 2018 while $WBA has been in a sharp dive since late 2018. The two are about as far enough apart in performance to set up a trade to bring the two back together.
$WBA reports earnings on the 27th in just 2 days,...
2 Opportunities to go Long WBA after it turns into a daily uptrend
Entry: 52.70
Protective Stop: 52.04
Safety Target: 53.89
Final Target: 59.40
Entry #2: 51.28
![WBA: [ALGO TRADE] WBA Short](https://s3.tradingview.com/k/kqTQbWUH_mid.png "[ALGO TRADE] WBA Short")
![WBA: [RECORD] WBA Call 10/18/19](https://s3.tradingview.com/s/sNYR6yYS_mid.png "[RECORD] WBA Call 10/18/19")
