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Bearish Moving Average Cross by Walgreens Boots (WBA)

By Amy Schwartz

Walgreens Boots (NASDAQ:WBA) crossed under its 10-day moving average of $52.88 on a volume of 621K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Walgreens Boots have traded between a low of $51.79 and a high of $86.31 and are now at $51.99, which is 0% above that low price. The 200-day and 50-day moving averages have moved 0.44% lower and 1.57% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Walgreens Boots and will alert subscribers who have WBA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses walgreens boots

Ticker(s): WBA