WBA - Ready for a Comeback?

15 ต.ค. 2020

I don't typically look at Walgreens or CVS because I honestly do not get excited about retail brick & mortar at all. Although, the recent pandemic may have helped them in many different ways, one of which is that pharmacist are allowed to give ALL vaccines. That is HUGE for these companies and honestly horrible for small practices. Hmmm, I wonder if that seems like a trend no matter what industry you're in?

Walgreens has been on a steady decline since 2015 and honestly this is one of the ugliest charts I have looked at for large cap companies. The one thing that caught my attention is divergence on the MACD and RSI on the weekly chart. Not to mention, the monthly chart is showing oversold conditions. Considering the environment we are in, I can't imagine Walgreens going any lower. Would I invest in Walgreens for the long term? In my opinion, no. The dividend is great but I am looking for growth. I don't see anything innovative they are doing or planning on doing and their acquisition of Rite Aid was horrible.

Nevertheless, I think we will see a bullish run back up to $65. From there, who knows where it will go.