This is a trade that is highly interesting for investors both in the short and long term. It would be optimal if I can accumulate all the buying opportunities up to around 15, then trim the position and hold a smaller portion for the long term. I truly believe this could be a great point to invest in WBA, but as always, close attention to price, news, and numbers is crucial.
Trade active
The U.S. Justice Department said on Friday it has filed a lawsuit alleging that pharmacy chain operator Walgreens WBA
knowingly filled millions of prescriptions that lacked a legitimate medical purpose.
If found liable, Walgreens, which is one of the country's largest pharmacy chains with over 8,000 pharmacies across the U.S., could face civil penalties of up to $80,850 for each unlawful prescription, the Justice Department said in a statement.
I sold majority around open today while a smaller size is still active.
Trade closed manually
Note
10% size still active. Not good news...
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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.