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Bullish Moving Average Cross by Walgreens Boots (WBA)

By James Quinn

Walgreens Boots (NASDAQ:WBA) crossed over its 10-day moving average of $73.27 on a volume of 5.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Walgreens Boots have traded between a low of $59.07 and a high of $88.00 and are now at $74.14, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Walgreens Boots on July 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.22. Since that recommendation, shares of Walgreens Boots have risen 6.0%. We continue to monitor WBA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses walgreens boots

Ticker(s): WBA