Walgreen Moving Well Ahead of Earnings
Walgreen (WAG) continues to build on Tuesday's news-inspired advance. Two days ago, Goldman Sachs put the stock on its Conviction Buy list with a price target of $43.00. Analysts there expect earnings growth to reaccelerate in the coming quarters. The stock gained more than 1% on the report as positive trade jumped to its highest level in seven weeks.
More importantly, the bullish action pushed shares above the upper trendline of a bullish flag that has been in place since the first of August. This pre-breakout type move is looking more positive today as investors look ahead to tomorrow morning's fourth-quarter earnings report....188 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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