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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

WAG the Dog to Profits

chessNwine Mon May 23, 2011 11:22pm EST 4 Comments

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Ever since my “Drugstore Cowboys” post earlier this month, the triumvirate of CVS RAD and WAG have all displayed consistent relative strength to the broad market. Recently, WAG seems to have distinguished itself from the other two drugstores. Even with some profit-taking in the overbought defensive areas of the market, WAG looks to be a solid long setup on all timeframes, so long as it holds $44 as newfound support. Note how strong the monthly is, in terms of breaking out.

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4 comments

  1. RaginCajun
    RaginCajun
    May 24, 2011 at 12:58 am

    Love the look $WAG

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  2. Cheesetrader
    Cheesetrader
    May 24, 2011 at 6:58 am

    all that and a dividend champion too…

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