Walgreen Prescription: Wait for a Pullback

Yesterday, Walgreen (WAG) closed just $0.61 from an all-time high. Year-to-date the stock is up some 47% and shows no signs of slowing down anytime soon. Does Walgreen have the right prescription for continued appreciation? I decided to check it out, especially since the company is set to report its fourth-quarter earnings on Oct. 1.

Earlier this month, Walgreen's announced that August same-store sales rose 4.8%, which beat the consensus expectation of 2.9%. Because of the strong comp store results, the company now expects to sales to rise 5.1% to $17.95 billion....322 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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