Walgreens Boots Alliance shows a strong performance for several trading sessions.

From a fundamental viewpoint, the group enjoys an excellent Surperformance rating (5/5) which emphasize the revenue growth, the attractive valuation. There is a strong buyer consensus which average target price is displaying a 5% upward potential. Analysts largely revised upward in recent months their earnings per share estimates, which is a reliable indicator reflecting the company's health.

Graphically, the share remain in a bullish trend in the long and in the medium term. The stock has lately tested the USD 92 support and as all moving averages remain well-oriented, a technical rebound could occur.

Given these elements, most active investors could take a buying position and aim for a reversal toward the USD 96.7 resistance. A breakout of this threshold would be a great bullish signal. A stop loss is placed at USD 91.7.