• Return to Headlines

Walgreens Boots Set to Possibly Rebound After Yesterday's Selloff of 2.01%

By David Diaz

Walgreens Boots (NASDAQ:WBA) traded in a range yesterday that spanned from a low of $68.27 to a high of $70.50. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $68.58 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Walgreens Boots share prices have been bracketed by a low of $63.82 and a high of $88.00 and are now at $68.47, 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 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 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders walgreens boots

Ticker(s): WBA