Intraday Technical Analysis Of Walgreens Boots Alliance Inc.
Today’s instrument is the Walgreens Boots Alliance Inc., an integrated healthcare, pharmacy, and retailing company, whose stock is traded in the NYSE exchange under the ticker WBA.
Looking at the WBA’s chart, we can see its downtrend to the current price of around $37.47.
Today it is announcing the quarterly earnings and if the results are better than expected, then we should expect the stock to open higher and trade towards its resistance level at around $40 otherwise we could see it approaching the level of $33.
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