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Walgreens Boots Alliance (WBA) Trading Near $70.85 Resistance Level

Mar 08, 2018 ( via COMTEX) --

Walgreens Boots Alliance (<a href="">WBA</a>) closed Mar 7, 2018 at $69.50 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Walgreens Boots Alliance for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $50 call and a short position in the Apr 20, 2018 $67.50 call for a net debit of about $17.14. This trade has an assigned return of 2.04% and 3.38% downside protection. For more a more conservative play, look at a covered call using the Apr 20, 2018 $67.50 call for a $17.14 net debit. This trade has an assigned return of 2.66% but the downside protection increases to 5.39%. Over the last 52 weeks the stock has traded between $63.82 and $87.79.A

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