Today’s instrument is the Walgreens Boots Alliance Inc. stock traded in the Nasdaq exchange under the ticker WBA.
Looking at the WBA’s chart, we can see that it is in a downtrend and it was last traded at the close price of around $31.95 which is close to its 52W low of $30.39.
Today it is announcing its quarterly earnings and if the market’s anticipation is positive then we should expect the price to climb towards its resistance level of around $33 if it will pass it, then it could approach the next resistance at around $34.80. However, if failed to post good results, then it could re-test its 52W low level, and if dropped below that price then it will reach a new 52W low level.
(Click on image to enlarge)
More By This Author:
EURUSD: Can Be Seen Dropping Towards The Next Support Level
USDJPY: Can Be Seen Approaching The Psychological Resistance Level
PepsiCo: Could Drop Towards Its Support Level
Comments
Log in or sign up to join the conversation.