Walgreens Boots Alliance Stock Looks To Break Resistance


If we look at the Walgreens Boots Alliance (NASDAQ:) chart, we can see its upward trend since the start of the week.

It started with a spike from $50.70 to $51.50 on Dec. 28 and was followed by a slow and steady climb the following days.

The stock consolidated in the $52 price range and reached as high as $53.20. Walgreens Boots Alliance last found it trading at $53.03 with overhead resistance at $53.20 and closest support around the $52 mark.

Today we could expect a move past the $53.20 resistance level, as it managed to consolidate and hold on to its gains during the past week after its steady climb.

If it fails to break the $53.20 resistance, it could move near the first support level at $52.

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