Walgreens Boots Alliance continues its bullish rally to test new highs.

From a fundamental viewpoint, the company is trading at a low level as shown by the ratio “enterprise value/revenue” at 0.77x. The company is one of the most growing in the world if we see the future revenue expected by analysts.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in daily and weekly data, enclosing the stock in a dynamic upward trend.

Exceeding the technical line at USD 79.95 would point to ambitious upward targets in the area of USD 82, corresponding to the swing effect of the range USD 76.8/79.95. In this case, market participants could buy this stock with an initial target of USD 79.95 and then USD 82.
If investors reduce long-side exposure for profit-taking, a bearish trend would happen below USD 76.8 and so this strategy would be invalidated.