Walgreens Boots is a very stable business with over 9,000 drug store locations across the states giving it low downside risk, valuation is cheap at 14.91 times earnings and a 4.37% dividend yield. Technically speaking price is below the lower Buy Sell Band, Range Strength and Hurst Exponent both indicate price is in a non-trending mode, and the RSI shows it's oversold and currently 6.81% below the 50 day MA making a nice long play here back up to the 50 day MA.
Comment:
Profit target hit in 2 days!