January 12th 2025 – The price of the Nasdaq listed US drugstore Walgreens Boots Alliance Inc exhibits a positive short-term trend reports Trend Intelligence, as its current price of around $11.76 sits some 45% higher than its November 2024 lows of just above $8.
Trend’s Analysis (click chart to expand): In our Walgreens Boots Alliance chart, Trend Intelligence uses its R* Momentum Indicator to report a positive trending R* area and yellow Signal Line. This is, and has shown over time to be, a positive trend signal.
In addition to our R* indicator, Walgreens Boots Alliance Inc price currently trades above Trend’s medium-term (yellow) moving average and above our Japanese Cloud indicator, shaded in blue.
The combination of all signals corroborates Trend’s positive short-term trend rating on Walgreens Boots Alliance, as we project continued upward moves in its stock price until the trend shows signs of reversing.
Upside News: Walgreens stock spiked 27% last week as the firm reported fiscal first-quarter earnings and revenue that topped expectations, and maintained its fiscal 2025 adjusted earnings guidance of $1.40 to $1.80 per share. “Importantly, we started to progress on the opportunities that we consider essential to our longer term turnaround,” said CEO Tim Wentworth, according to CNBC News.
Downside News: Walgreens’ stock has fallen some 80% over the past five years, ranking the company among one of the worst-performing stocks. It has also agreed to close 1,200 stores, roughly 15% of its locations. Walgreens is much smaller than its rival CVS, suffering less room to negotiate prices with insurers and other healthcare vendors, reported Yahoo Finance back in December 2024.
Authored by Trend Intelligence, London
