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Walgreens Boots Alliance (WBA) Trading Near $65.77 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Walgreens Boots Alliance (<a href="http://www.marketintelligencecenter.com/symbol/WBA">WBA</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Mar 16, 2018 $67.50 covered call for a net debit in the $65.62 area. That is also the break-even stock price for the covered call. This trade will return 2.84%, or 29.71% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.79% downside protection. The current 52-week low is $63.82 and the 52-week high is $88. Walgreens Boots Alliance stock has been showing support around $65.77 and resistance in the $73.07 range. The stock closed Feb 8, 2018's trading session at $68.22. Technical indicators for the stock are bearish and S&P gives WBA a 4 STARS (out of 5) buy ranking.

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