WBA: Short for now...Long soon...Market: DOW FUTURE bearish
Catalyst: Missed EPS
My BIAS: Beaten stock last year and I would love to enter a lower price for a LONG position.
WBA trade ideas
$WBA Long Walgreens Boots Alliance into earnings Entry level $59.90 = Target price $64.07 = Stop loss $58.43
Indicators bullish and in particular the crossing of the 7&12 ma's signalling a reversal possible.
P/E ratio 13
Yield 3.4%
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.
WBA long chanceThis trade could be started on a hourly basis, and then managed on a daily basis if it works out.
WBA Walgreens Boots. Bulls Are Getting Ready, Multi Time Frame Check out My Previous Post For A Full Detailed Analysis
WBA LogWBA broke above the CDC Trailing Stop, the Volatility Stop and the Slingshot program.
Also bouncing off 50 MA
First Target: Expect a move resistance at $63
Second Target: 161% Fib at 69.
WBA Multi Time Frame Analysis Weekly Low Price At Solid Support Check Out The video Let Me Know Your Thoughts
WBA - DAILY CHARTHi, today we are going to talk about Walgreens and its current landscape.
The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction.
In the justice field, some companies have already faced some sort of rebuke for involvement and even a bit of responsibility for the opioid crisis. For example
*Jun 2019, Insys Therapeutics Inc. had to file for bankruptcy after being convicted for conspiring to bribe doctors to increase opioid sales, ending up in a deal with the federal government of $225 million.
* Aug 2019, Johnson & Johnson was obligated to pay $572 Million, as Oklahoma ruled that the company intentionally played down the dangers and oversold the benefits of opioids.
* Oct 2019, Johnson & Johnson was once more condemned by two counties of Ohio to pay $20.4 million, with the accusation of having helped the opioid crisis to spread.
* Nov 2019, New York Federal Prosecutors opened a criminal investigation over six companies ( Teva Pharmaceutical Industries Ltd, Mallinckrodt, Johnson & Johnson, Amneal Pharmaceuticals Inc. AmerisourceBergen Corp., and McKesson Corp. to see if they intentionally allowed opioid painkillers to flood communities.
Now, the State of Michigan has sued four companies over the deadly painkiller epidemic as drug dealers. The Attorney General Dana Nessel filed a lawsuit against Walgreens, which could lead to unknown sanctions and liabilities for the company in Michigan, and possible further problems since its the first time. The war against opioids it's just poised to grow up as every justice department across the country and every candidate that it's next to run on elections its eager to hang this trophy on the wall.
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*Source: Centers for Disease Control and Prevention ( CDC )
WBA Buy Zone Opportunities2 decent buy zones on WBA. Top zone looking for a bounce with the lower area looking for a much longer timeframe move to the upside.
WBA Walgreens Boots Alliance, Inc. LONG Empresa con 9277 Farmacias distribuidas en 50 estados de EEUU.
Inst Own 63.3%
Market Cap 55.03 B
WBA - Testing Gap ResistanceWBA gapped down at the beginning of April due to an earnings report. The price continued to fall until the end of May, failed when it hit gap resistance in mid-July, & fell again creating a double-bottom at the end of August. Price has continued to fail when attempting to fill the gap but recent price drops have created an ascending triangle pattern. I'm looking for the gap to be filled at some point in the near future.
Should Be A Good Week For WalgreensAlthough WBA looked to be failing this Inversed Head and Shoulders, it became apparent that the pullback was solely due to a news based market reversal. Now it has a market in uptrend once again, a bullish pattern breakout, and an earnings increase in it's sales, and so should have a very good week ahead.
[ALGO TRADE] WBA ShortMissed this trade due timing to buy the stock but would have placed positions as such. Let's see if it hits TP
A long-term base and short-term breakout bode well for Walgreens
Walgreens Boots has been basing since April with a Double Bottom form ing from May to August. The stock exceeded the intermittent high, but this breakout did not hold as WAG fell back with a bull flag. The bull flag breakout reversed the short-term downtrend in mid October and WAG is again challenging resistance. I expect a breakout from this large base and would target a move to the lows 60s. A close below 53 would call for a re-evaluation.
WBA ER: From Chart, it will be UPjust try to use my toy to forecast the WBA ER,
let see if it works, verify it on Monday Market OPEN
$WBA The Bottom is in for Walgreens BootsEntry level $56.00 = Target price $67.00 = Stop loss $54.00
Technical indicators are bullish as is the volume profile.
Expectations are very low.
Trading at a very low 10.02 P/E ratio
Company profile
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.
WBA: Anatomy of a Take Down Using Wyckoffian LogicPrice movement after possible selling climax looks weak. Maybe further mark-down or market makers looking to accumulate remaining supply before mark-up?
