Walgreen Disappoints Market With Q3 Report

Filed under: Earnings Reports, Walgreen Co (WAG), CVS Corp (CVS)

Walgreen Company (WAG) stock is in need of a prescription against the bad reaction it's experiencing after issuing its fiscal third-quarter report. At the time of this writing, shares of the pharmacy chain were down over 6% to $28.26. That's not too far off from the 52-week low of $27.89.



Here's the kind of chart that can mess you up. On the one hand, you might look at it and conclude that now may be the time to buy since the stock was doing so well before; you would believe you were buying low with the intent of selling high, as they say. On the other hand, it's a confusing mess, as it doesn't give you any sense of where the equity may be heading. Hey, going by charts alone is never advisable, as technical interpretation will never be a perfect science (some might argue it isn't science at all).

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Walgreen Disappoints Market With Q3 Report originally appeared on BloggingStocks on Tue, 22 Jun 2010 18:30:00 EST. Please see our terms for use of feeds.

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