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

Posted: Friday, October 02, 2009 11:41 AM EDT

Walgreen (NYSE: WAG) hit a new 52-Week high of $38.75 so far today. Currently the stock is down $.04 (-0.1%) to $38.15 on 3,989,191 shares traded. Today's high is up $16.87 from a 52-Week Low of $21.28. Walgreen stock has been showing support around $36.73 and resistance in the $39.35 range. Technical indicators for the stock are neutral and S&P gives WAG a neutral 3 STARS (out of 5) hold ranking. Walgreen rose to a new 52 week high today after the company announced that its September sales were 10.3% higher than the same period last year. 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 32.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (WAG)