Traders and investors are reacting to Walgreens Boots Alliance's (WBA) latest quarterly financial highlights that included a $6.5 billion pretax charge recognized in connection with a previously announced opioid litigation settlement.
Let's jump to the charts.
In the daily bar chart of WBA, below, I can see that the shares spent about three or more weeks above the declining 200-day moving average in November and December but that price strength did not last long. WBA is now below the 200-day line and the 50-day moving average line.
The On-Balance-Volume (OBV) line is at a new low for the move down and the Moving Average Convergence Divergence (MACD) oscillator is bearish.