Walgreens Boots Alliance Inc (WBA): Price Now Near $52; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for WBA

At the moment, WBA (Get Ratings)’s price is down $-0.7 (-1.33%) from the hour prior. WBA has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 200 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

WBA’s Technical Outlook on the Daily Chart

Currently, WBA’s price is down $-0.02 (-0.04%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as WBA has now gone down 8 of the past 10 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Walgreens Boots Alliance Inc’s price action over the past 90 days can be seen via the chart below.

WBA

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