Walgreens: Some SHORT-TERM upside potential...more to prove longer-term.

I did an interview on CNBC today to discuss the odds that Walgreens (WBA) is a good investment down at these levels. I looked at the technical aspect of the stock and it still looks like dead money on a longer-term basis. However, if its earning report on Thursday helps the stock rally above $37.25 in a meaningful way, it could give it a nice short-term rally...as it would take it above a third key resistance level. See the video for the details.

Posted to The Maley Report on Oct 14, 2020 — 3:10 PM
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