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Walgreens Boots Set to Possibly Pullback After Yesterday's Rally of 2.05%

By Nick Russo

Walgreens Boots (NASDAQ:WBA) traded in a range yesterday that spanned from a low of $52.24 to a high of $53.27. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $53.12 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Walgreens Boots has traded in a range of $49.12 to $86.31 and is now at $53.14, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.

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: rebounders walgreens boots

Ticker(s): WBA