Walgreens Stock at a Crossroads Ahead of Earnings

The first big earnings report of the year is coming up on Thursday, Jan. 4, with Walgreens Boots Alliance Inc (NASDAQ:WBA) scheduled to announce its latest quarterly report before the open. The drugstore is expected to post profits of 63 cents per share, which is lower than the $1.16 announced for the same quarter last year. On the charts, WBA just ran up to long-term pressure at its 200-day moving average, which kept a cap on the stock's December 30.9% rally from its Nov. 30 record lows at $19.68. Despite ...