WBA trade ideas
Walgreens TargetsPresidential briefing today on corona virus had spokesperson for Walgreens announcing that they would be doing 1000's of test per day at everyone of there locations.
Long term falling wedge, brownie wedge, what ever you want to call it. If we break above that first pink line then this thing is gonna rip.
Semi jewel signal on the daily.
Three different targets ROUGHLY sketched out in the red boxes.
First Target Roughly around 50.
Second Target, cant see screen, i forgot.
Third target, Break out from pattern reaching into the high 60's, low 70's dollar price range
WBA Long, after breakaway Gap and back to demand zone Condition:
1. 3/8/2013 weekly Demand zone confirmed
2. breakaway Gap (G1), down trendline break
3. down to demand zone
Entry: below 43
Stop: 42
Target1: 47; risk/reward=1:4
Target2: 53; risk/reward=1:10
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
$WBA Trading At Trendline Support$WBA made fresh lows after a disappointing earnings call. On the call, the company issued a somber outlook and said that foot traffic is way down. We believe the market took the news in stride and we now have a buy opportunity as trendline support held. The stock also looks cheap trading at just 0.26x sales and 9.89x FCF.
Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services and mail services; and manages in-store clinics. As of August 31, 2019, this segment operated 9,277 retail stores under the Walgreens and Duane Reade brands in the United States; and 6 specialty pharmacies. The Retail Pharmacy International segment sells prescription drugs; and health and wellness, beauty, personal care, and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as through boots.com and an integrated mobile application. This segment operated 4,605 retail stores under the Boots, Benavides, and Ahumada in the United Kingdom, Thailand, Norway, the Republic of Ireland, the Netherlands, Mexico, and Chile; and 606 optical practices, including 165 on a franchise basis. The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home healthcare supplies and equipment, as well as provides related services to pharmacies and other healthcare providers. This segment operates in the United Kingdom, Germany, France, Turkey, Spain, the Netherlands, Egypt, Norway, Romania, the Czech Republic, and Lithuania. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.
As always, trade with caution and good luck to all!
Walgreens to dive after earnings?Based on the 15 minute chart, a death cross should occur during the first two hours of trading tomorrow. Hopefully I’m wrong and earnings come in strong.
Walgreens may reverse to a golden cross.Currently well into the divergence following a death cross; with earnings tomorrow, the current trend could reverse towards a future golden cross. However, the last earnings date began the divergence to the death cross in the first place.
If Walgreens Can't rally now it never will $wba
If the stock can not rally in the midst of a health scare, surely it is beyond investing.
Look for a sustained rally and reclaim of the 7&12 Moving averages.
Alert set for move above $50.00
$WBA Trading At Major Support$WBA is trading at major long-term support levels around the $49 level. Besides the technical picture, the fundamentals are also supportive of a LONG position in $WBA. $WBA is trading at just 8x this year's earnings, 0.32x sales, and 14.85x FCF. We are also bullish on its competitor $RAD, which we've written up in the past.
As always, trade with caution and use protective stops.
Good luck to all!
WALGREENs BOOTS ALLIANCE (WBA) Looking to Re-enter for T2 TargetNot a perfect Bat Pattern......
Looking to re-enter this trade after hitting T1 and a channel break in the area indicated.
Original trade was initiated with identification of a Bullish Bat Pattern and AB=CD challenge and break.
Confirmation came from a price/indicator divergence and COT of Lazy Boy's Squeeze Momentum indicator in the bottom panel
Lets see where we go from here
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 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.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
*Source: Centers for Disease Control and Prevention ( CDC )
