Thursday, June 28, 2018 12:36:42 PM
Amazon.com (AMZN) did it again. The online giant bought PillPack and is now headed into pharma distribution online. Shares of Walgreens Boots Alliance (WBA) and other pharmacy plays crumbled. Unfortunately, there is little support in the stock chart of Walgreens until $45.50. I expect this level to be reached by year end at which point I will look to accumulate based on major technical support. Note the chart below.
Gareth Soloway
InTheMoneyStocks
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