Walgreens Boots Alliance, Inc. : The bullish impetus is not depleted
Entry price | Target | Stop-loss | Potential |
---|
US$86.26 |
US$0 |
US$82.1 |
-100% |
---|
Walgreens Boots Alliance shows a strong performance for several trading sessions.
Regarding the fundamentals, we note the increase of sales recorded over the previous year. Moreover analysts expect a higher EPS for the current year compared to the previous one (+71%). This situation should limit some profit taking in coming sessions.
Technically, shares have just breakout the medium term pivot point and should feed the bullish trend observed for several weeks. This situation, confirmed by the 20 and 50-week moving averages crossing, could boost shares toward the long-term resistance at USD 94.5.
In this case, market participants could buy this stock with an initial target of USD 94.5. A stop loss has to be placed under the long-term pivot point.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.