Walgreen (WAG) NewsBite - WAG Hits 52-Week High

Posted: Wednesday, September 23, 2009 2:43 PM EDT

Walgreen (NYSE: WAG) hit a new 52-Week high of $34.76 so far today. Currently the stock is up $0.12 (0.35%) to $34.75 on 3,032,826 shares traded. Today's high is up $13.47 from a 52-Week Low of $21.28. Walgreen stock has been showing support around $34.22 and resistance in the $34.94 range. Technical indicators for the stock are neutral and S&P gives WAG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WAG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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