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Bearish Moving Average Cross by Walgreens Boots (WBA)

By Amy Schwartz

Walgreens Boots (NASDAQ:WBA) shares have crossed bearishly below their 10-day moving average of $64.60 on a volume of 1.3 million 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.

Over the past year, Walgreens Boots has traded in a range of $59.07 to $88.00 and is now at $64.43, 9% above that low. The 200-day and 50-day moving averages have moved 0.35% lower and 0.35% higher 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