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7.10. 11:29_Walgreens_LONG

Walgreens Long. Walgreens is a large American company operating in the international market, which operates pharmacies and has about 19,000 facilities. This year, the share price has already fallen by 40% and, due to tough restrictions against the spread of coronavirus, there has been a large drop in sales. However, with the great development and investment in online sales and also thanks to the relief of measures against the spread of coronavirus, a positive development of sales can be expected in the future.

Technically, we see a double bottom on the chart and the nearest resistance is somewhere between 38-39 USD/share

Graph and table source: WebTrader

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