Walgreens Boots Alliance, Inc. (NASDAQ: WBA), a global pharmacy-led, health and wellbeing enterprise, just formed a golden cross.
As you can see on the chart above, a golden cross occurs when the 50-day moving average (purple line) crosses above the 200-day moving average (green line).
My team of traders believe this move signals the company’s share price could gain up to 10% over the coming months.
Adding to my team’s bullish outlook, Walgreens announced that it has expanded its existing collaboration with Sprint Corporation.
Now Sprint customers in the Chicagoland and Dallas-Ft. Worth metropolitan area will experience the convenience of having a Sprint Express store located within their local Walgreens.
This store within a store concept aims to meet customers’ mobile phone needs while shopping at the drugstore giant.
A total of 80 new Sprint Express locations will be added.
Consider buying WBA today.
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