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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Minos who wrote (10423)6/19/1998 8:21:00 PM
From: Jenna  Read Replies (1) of 120523
 
WAG..Walgreens' Portrait of an excellent company with super chart and good fundamentals.. Reports June 29.

RAD recently reported earnings and has been on a steady upswing since then. Now WAG is reporting. MACD is bullish, Relative Strength is BULLISH, Volume indicators show WAG is under ACCUMULATION.. Long term technical rank is 98%. It's close to a 52 week high.

Remember WAG is a market performing stock and does much better than the S&P 500. Its a very sound investment companies future
looks bright. Luckily in this near term, the retail sector has seen a nice run up because of other retailers that have posted excellent earnings.. Also expect companies with no affiliation to Asia to do best. WAG could possibly split if it hits 50 mark, although it's tough getting it through 40. Ideal would be a small pullback until 29th and then riding it through 40. Earnings are fine, this company has no debt.
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