Buy $WBA - NRPicks 07 Mar
Walgreens Boots Alliance (
WBA) is a global leader in retail and wholesale pharmacy, through the dispensing and distribution of medicines, and through its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of heritage and innovation in health care.It is a company that handles a good trading volume and is close to filing its earnings report on March 31, remember that in its last report it exceeded expectations with earnings per share of $1.22 and quarterly revenue of 36.31B.
Walgreens announced the expansion of its digital health platform, Walgreens Find Care, to include 11 new and four expanded collaborations with service providers, offering easier access to care during the COVID-19 pandemic. With these, people can now access more than 45 national and local health care providers. This platform has increased its use exponentially since the pandemic reaching 20M of visits that equates to an increase of 13 times last year's visits.
The company, even the health sector, has a good way to recoil the market and the rotation of investors after the technology selloff could end up in the least disadvantaged.
Technical:
Support at $46
Bounce in MA50
Low levels of RSI - Oversold
MACD Level (12, 26) -4.90
Trade closed: target reached
11 Mar
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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.