Today’s instrument is the Walgreens Boots Alliance Inc. stock traded in the NYSE exchange under the ticker WBA.
If we look at the WBA chart, we can see its upward trend since the start of the week, started by the spike of the $50.70 to $51.50 on the 29th of December, and followed by a slow and steady climb the following days, consolidating in the $52 price range and reaching as high as $53.20. It was last found trading at $53.03 with overhead resistance the $53.20 and closest support around the $52 mark.
Today we could expect a move past the $53.20 resistance level, as it managed to consolidate and hold on to its gains during the past week after its steady climb.
If however, it fails to break the $53.20 resistance then a case can be made for moving near the first support level of $52.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.