BUY! WALGREEN CO (WAG) NYSE

  Report No. 1444    Analysis by: Harry Aloof     JANUARY 23, 2002

WALGREEN CO (WAG-NYSE): Technical Viewpoint: From a low of $30.72 on Dec 23, 2001 prices rallied, reaching a high of $34.32 on Dec 28, 2001. A decline saw prices pull back, reaching a low of $32.53 on Jan 2, 2002. Another rally saw prices penetrate resistance, closing 1/22/02 at $36.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 27, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $. Resistance: Is at $. Point & Figure: Reversed to the upside on Jan 4, 2002. A P&F upside reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! WALGREEN CO (WAG-NYSE) @ $36.63 Stop: Use a protective stop of $34.38. WALGREEN CO is currently trading @ $36.25 plus $0.84 on Jan 22, 2002. Price Objective: $49.50. Risk/Reward: $2.25 VS. $12.88. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$49.50 Risk/Reward:
$2.25 VS. $12.88 Risk/Reward Ratio:
6:1
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