Walgreens Boots Alliance shows a strong performance for several trading sessions.

Regarding the fundamentals, we note the increase of sales recorded over the previous year. Moreover analysts expect a higher EPS for the current year compared to the previous one (+71%). This situation should limit some profit taking in coming sessions.

Technically, shares have just breakout the medium term pivot point and should feed the bullish trend observed for several weeks. This situation, confirmed by the 20 and 50-week moving averages crossing, could boost shares toward the long-term resistance at USD 94.5.

In this case, market participants could buy this stock with an initial target of USD 94.5. A stop loss has to be placed under the long-term pivot point.