WALGREENS CHART FROM A TECHNICAL STANDPOINT SEEMS REALLY UGLY.
THE LONG TERM MONTHLY CHART SHOWS THE SHARE PRICE TRENDLINE SHAPING AN INVERSE CUP&HANDLE REVERSAL OFF THE HIGHS,
A SERIES OF TECHNICAL INDICATORS CAN GIVE AN IDEA OF THE STOCK BEAR MARKET WITH MORE POTENTIAL DOWNSIDE TOWARD WBA $30 STOCK PRICE.
FIRST STOCK PRICE BREAKDOWN AT WBA $86.50 A SELL SIGNAL, WITH THE TRENDLINE FORMING AN HEAD&SHOULDER PATTERN. THE STOCK FINDS A PRICE REBOUND
IN JUNE/2018 OFF THE LOWS OF SEPTEMBER/2014 AROUND THE $60 DOLLAR PRICE RANGE. THE REBOUND FORMS WITH THE TRENDLINE AN INVERSE HEAD&SHOULDER PATTERN
THAT FAILS TO BREAKTHROUGH AROUND THE WBA $86.50 STOCK PRICE, CONFIRMATION OF PRICE REJECTION IN THE MARKET.
A DOUBLE BOTTOM PATTERN FINDS SUPPORT ON THE WBA $49.50 STOCK PRICE BUT FAILS TO BREAKOUT NEAR THE $60 DOLLAR PRICE, REJECTION OF THE PREVIOUS SUPPORT PRICE IN THE MARKET.
THE CONSOLIDATED BEAR MARKET IN WALGREEN STOCK, HAS BROUGHT THE ICHIMOKU TENKAN LINE TO BREAK THROUGH THE 200 MONTHS MOVING AVERAGE, HUGE SELL SIGNAL,
WHILE THE STOCK TRENDLINE TRADES CONSISTENTLY BELOW THE 200 MONTHS MOVING AVERAGE, CONSOLIDATED SELL SIGNAL, IN A DOWNTREND CHANNEL.
THE STOCK CAN BE SOLD BELOW THE $40 STOCK PRICE A -27.50% PULL BACK CAN BE POSSIBLE, WITH THE STOCK RETRACING BACK DOWN TO THE WBA $30 STOCK PRICE
FROM THE FINANCIAL STATEMENT PERSPECTIVE WALGREENS STOCKS SEEMS TO BE UNDEROWNED, HOWEVER THE COMPANY POSTED -$6.7BILLION LOSS IN 2017, -$2.5 BILLION NEGATIVE CHANGE IN CASHFLOW IN 2018,
WITH A SMALL POSITIVE +$250mln CHANGE IN CASHFLOW IN 2019. SOME OTHER FINANCIAL RATIO METRICS WOULD PUT ON HOLD INVESTORS IN BUYING EQUITY IN WALGREEN (WBA).
THE WIDE DISCREPANCY BETWEEN GROSS MARGIN 21.24% TO END WITH NET PROFIT MARGIN 2.53%, NEGATIVE Tangible Book Value/Share MRQ -4.54
EARNINGS PER SHARE NEGATIVE PROJECTIONS EPS(MRQ) vs Qtr. 1 Yr. Ago MRQ -13.99%, EPS(TTM) vs TTM 1 Yr. Ago TTM -22.22%
WBA STOCK COULD BE A BUY AT $30 DOLLARS PER SHARE OR AT Book Value/Share MRQ $26.94. GIVEN THE POSITIVE Return on Equity TTM 14.41%(CONSIDER LESS SHARE BUYBACKS GOING FORWARD),
Return on Assets TTM 4.38% BELOW INDUSTRY 5.32%, Return on Investment TTM 6.67% BELOW INDUSTRY 7.21%.
THE LONG TERM MONTHLY CHART SHOWS THE SHARE PRICE TRENDLINE SHAPING AN INVERSE CUP&HANDLE REVERSAL OFF THE HIGHS,
A SERIES OF TECHNICAL INDICATORS CAN GIVE AN IDEA OF THE STOCK BEAR MARKET WITH MORE POTENTIAL DOWNSIDE TOWARD WBA $30 STOCK PRICE.
FIRST STOCK PRICE BREAKDOWN AT WBA $86.50 A SELL SIGNAL, WITH THE TRENDLINE FORMING AN HEAD&SHOULDER PATTERN. THE STOCK FINDS A PRICE REBOUND
IN JUNE/2018 OFF THE LOWS OF SEPTEMBER/2014 AROUND THE $60 DOLLAR PRICE RANGE. THE REBOUND FORMS WITH THE TRENDLINE AN INVERSE HEAD&SHOULDER PATTERN
THAT FAILS TO BREAKTHROUGH AROUND THE WBA $86.50 STOCK PRICE, CONFIRMATION OF PRICE REJECTION IN THE MARKET.
A DOUBLE BOTTOM PATTERN FINDS SUPPORT ON THE WBA $49.50 STOCK PRICE BUT FAILS TO BREAKOUT NEAR THE $60 DOLLAR PRICE, REJECTION OF THE PREVIOUS SUPPORT PRICE IN THE MARKET.
THE CONSOLIDATED BEAR MARKET IN WALGREEN STOCK, HAS BROUGHT THE ICHIMOKU TENKAN LINE TO BREAK THROUGH THE 200 MONTHS MOVING AVERAGE, HUGE SELL SIGNAL,
WHILE THE STOCK TRENDLINE TRADES CONSISTENTLY BELOW THE 200 MONTHS MOVING AVERAGE, CONSOLIDATED SELL SIGNAL, IN A DOWNTREND CHANNEL.
THE STOCK CAN BE SOLD BELOW THE $40 STOCK PRICE A -27.50% PULL BACK CAN BE POSSIBLE, WITH THE STOCK RETRACING BACK DOWN TO THE WBA $30 STOCK PRICE
FROM THE FINANCIAL STATEMENT PERSPECTIVE WALGREENS STOCKS SEEMS TO BE UNDEROWNED, HOWEVER THE COMPANY POSTED -$6.7BILLION LOSS IN 2017, -$2.5 BILLION NEGATIVE CHANGE IN CASHFLOW IN 2018,
WITH A SMALL POSITIVE +$250mln CHANGE IN CASHFLOW IN 2019. SOME OTHER FINANCIAL RATIO METRICS WOULD PUT ON HOLD INVESTORS IN BUYING EQUITY IN WALGREEN (WBA).
THE WIDE DISCREPANCY BETWEEN GROSS MARGIN 21.24% TO END WITH NET PROFIT MARGIN 2.53%, NEGATIVE Tangible Book Value/Share MRQ -4.54
EARNINGS PER SHARE NEGATIVE PROJECTIONS EPS(MRQ) vs Qtr. 1 Yr. Ago MRQ -13.99%, EPS(TTM) vs TTM 1 Yr. Ago TTM -22.22%
WBA STOCK COULD BE A BUY AT $30 DOLLARS PER SHARE OR AT Book Value/Share MRQ $26.94. GIVEN THE POSITIVE Return on Equity TTM 14.41%(CONSIDER LESS SHARE BUYBACKS GOING FORWARD),
Return on Assets TTM 4.38% BELOW INDUSTRY 5.32%, Return on Investment TTM 6.67% BELOW INDUSTRY 7.21%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.