US Nasdaq stock alert

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CLOSING UPDATE: Walgreens Boots Alliance hits 52-week low eighth time in one month 17 October 2017 17:54 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Walgreens Boots Alliance hit a 52-week low of $US66.92 earlier today for the eighth time in the past one month, but later rebounded higher to $US67.40. Trading volume was 1.2 times average at the end of the day. Compared with the NASDAQ-100 Index which rose 8.1 points (or 0.1%) in the day, this represented a relative price increase of 0.004%.

Technical indicators complementing today's significant downtrend:

+ The negative 3.37 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the NASDAQ market, the stock's relative price strength percentile is slipping at 16 for 6 months, 16 for 3 months and 4 for 1 month.

+ The price dropped 3.5% in the last week and plummeted 18.4% in the last month.

Other Bearish Signals include:

+ Net profit margin has averaged 3.4% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Bullish Signals:

Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.

As per the Du Pont analysis, Return on Equity of 13.9% is better than sector average of 1.0%.

Oversold/Bullish:

The 0.7% premium to 12-month low of $US66.92 against the 24.9% discount to high of $US89.69 suggests the decline might be bottoming.

TODAY'S ALERTS

Afternoon Alert: Walgreens Boots Alliance hits 52-week low eighth time in one month

17 October 2017 13:27 EDT

Walgreens Boots Alliance (NASDAQ:WBA) hit a 52-week low of $US67.03 earlier today for the eighth time in the past one month, but later rebounded higher to $US67.05. Trading volume was 83% of average so far today.

Morning Alert: Walgreens Boots Alliance hits 52-week low eighth time in one month

17 October 2017 11:07 EDT

Walgreens Boots Alliance (NASDAQ:WBA) hit a 52-week low of $US67.17 earlier today for the eighth time in the past one month, but later rebounded higher to $US67.34. Trading volume was 67% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Walgreens Boots Alliance hits 52-week low seventh time in one month

16 October 2017 17:54 EDT

Walgreens Boots Alliance hit a 52-week low of $US67.21 earlier today for the seventh time in the past one month, but later rebounded higher to $US67.31. Trading volume was 1.3 times average at the end of the day. Compared with the NASDAQ-100 Index which rose 22.1 points (or 0.4%) in the day, this represented a relative price change of -0.7%.

Afternoon Alert: Walgreens Boots Alliance hits 52-week low seventh time in one month

16 October 2017 13:27 EDT

Walgreens Boots Alliance (NASDAQ:WBA) hit a 52-week low of $US67.22 earlier today for the seventh time in the past one month, but later rebounded higher to $US67.57. Trading volume was 73% of average so far today.

Walgreens Boots Alliance (O:WBA)

ISIN: US9314271084

CIK: 1618921

CUSIP: 931427108

Source: www.BuySellSignals.com