Walgreens passive income & potential swing
Shares Only: Many would tell you to stay away from this sinking ship. I am diversifying my portfolio as we did very well this year. I would like exposure to a defensive stock that can possibly perform well in a recession. I would prefer some sort of reversal pattern on a weekly chart, but we don't have one. What attracts me is the 10.75% dividend and knowing I am buying WBA at the same lows from 1997. There is a daily gap fill at 15.50 which can be a swing target for swing traders. I will decide whether I want to swing this trade or hold for passive income later. WBA's chart is in a bearish channel downwards but if we could get some sort of a reversal pattern on the weekly chart, I may look to add to my position.
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