Walgreens Boots Alliance is Oversold

Walgreens Boots Alliance Inc (Symbol: WBA) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

But making Walgreens Boots Alliance Inc an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of WBA entered into oversold territory, changing hands as low as $55 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.

Source: NASDAQ

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