Walgreen Co. (NYSE:WAG) with its nearly 7000 drugstores and specialty pharmacies has a firm grip on this industry. Fundamentally speaking the company is keeping up its sales momentum despite the economic slowdown. The weekly chart looking back to 2007 shows the uptrend off the bottom in 2009 is still very much in place although […]
Note the tight channel, so far considered a bullish flag pattern, in WAG. A trade would trigger to the long side on a daily close above the channel.