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Walgreens Boots Bearish Moving Average Crossover Alert (WBA)

By Shiri Gupta

Today, shares of Walgreens Boots (NASDAQ:WBA) have crossed bearishly below their 10-day moving average of $55.48 on a volume of 1.1 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.

In the past 52 weeks, Walgreens Boots share prices have been bracketed by a low of $49.31 and a high of $86.31 and are now at $54.84, 11% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.24% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Walgreens Boots. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Walgreens Boots in search of a potential trend change.

Keywords: moving crosses walgreens boots

Ticker(s): WBA