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Walgreens Boots Crosses Below its 10-day MA (WBA)

By James Quinn

Today, shares of Walgreens Boots (NASDAQ:WBA) have crossed bearishly below their 10-day moving average of $63.65 on a volume of 703K shares. This may provide short-term investors a chance 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 $61.56 to $88.00 and is now at $63.53, 3% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

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