• Return to Headlines

Walgreens Boots Bullish Moving Average Crossover Alert (WBA)

By Shiri Gupta

Today, shares of Walgreens Boots (NASDAQ:WBA) have crossed bullishly above their 10-day moving average of $63.96 on a volume of 447K 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, Walgreens Boots share prices have been bracketed by a low of $61.74 and a high of $88.00 and are now at $64.18, 4% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 0.26% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Walgreens Boots on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $72.27. Since that call, shares of Walgreens Boots have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses walgreens boots

Ticker(s): WBA