Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Boots Alliance Named Top Dividend Stock
In this series, we look through the most recent Dividend Channel ”DividendRank”report, and then we cherry pick only those companies that have experienced insider buying within the past six months.
The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money – maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Walgreens Boots Alliance Inc (Symbol: WBA), which saw buying by Co-Chief Operating Officer Ornella Barra.Back on April 3, Barra invested $982,080.00 into 18,000 shares of WBA, for a cost per share of $54.56.
In trading on Wednesday, bargain hunters could buy shares of Walgreens Boots Alliance Inc (Symbol: WBA) and achieve a cost basis 0.5% cheaper than Barra, with shares changing hands as low as $54.26 per share.
It should be noted that Barra has collected $0.44/share in dividends since the time of their purchase, so they are currently up 0.3% on their purchase from a total return basis.
Walgreens Boots Alliance Inc shares are currently trading +0.79% on the day. The chart below shows the one year performance of WBA shares, versus its 200 day moving average:
Overall, the bias in prices is: Sideways.
By the way, prices are vulnerable to a correction towards 55.46.
The projected upper bound is: 57.16.
The projected lower bound is: 53.36.
The projected closing price is: 55.26.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 45.4693. This is not an overbought or oversold reading. The last signal was a sell 15 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.15. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 35 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -38. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.
Rex Takasugi – TD Profile
WALGREEN BOOTS closed up 0.550 at 55.200. Volume was 36% below average (neutral) and Bollinger Bands were 55% narrower than normal.
Open High Low Close Volume___
54.640 55.210 54.260 55.200 4,000,534
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 55.06 53.19 65.22
Volatility: 19 23 35
Volume: 4,383,352 5,192,838 6,450,170
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
WALGREEN BOOTS is currently 15.4% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into WBA.O (mildly bullish). Our trend forecasting oscillators are currently bullish on WBA.O and have had this outlook for the last 28 periods.