Walgreens Boots Alliance, Inc. : In an upward trend
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$93.36 | $0 | $91.7 | -100% |
From a fundamental viewpoint, the group enjoys an excellent Surperformance rating (5/5) which emphasize the revenue growth, the attractive valuation. There is a strong buyer consensus which average target price is displaying a 5% upward potential. Analysts largely revised upward in recent months their earnings per share estimates, which is a reliable indicator reflecting the company's health.
Graphically, the share remain in a bullish trend in the long and in the medium term. The stock has lately tested the USD 92 support and as all moving averages remain well-oriented, a technical rebound could occur.
Given these elements, most active investors could take a buying position and aim for a reversal toward the USD 96.7 resistance. A breakout of this threshold would be a great bullish signal. A stop loss is placed at USD 91.7.