Walgreens (WBA) – Bullish DailyPlay for Thursday Nov 1st, 2018

The bullish DailyPlay we chose for Thursday, Nov 1st is Walgreens (WBA). WBA is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.49% move higher and its 1m and 6m trend has turned bullish on 10/29 while breaking above its $55 resistance level which now becomes support.

Walgreen’s 1m and 6m trends turned bullish on 10/25 and recently broke above its $78 resistance level which now becomes support. With a technical score of 10 (out of 10), WBA is a bullish stock that is likely to continue higher.

View this Trade Idea on WBA

As a stop loss, if WBA was to trade below $78 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Learn to Trade Options: Leverage Technical Analysis w/ Nasdaq-100 Index Options – Thurs 11/1 @ 4:15PM EST