Walgreens Boots Alliance continues its bullish rally to test new highs.

From a fundamental viewpoint, the group is in a good financial situation. Sales should increased by 30% this year, with a net margin of 3.76%. Analysts recently revised upward their earnings per share estimates, which is a reliable indicator reflecting the company's health.

From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. Moreover, the positive trend-line is supporting the stock in order to reach the USD 92.6, corresponding to the recent highs.

Therefore, investors will benefit from the signal given by the USD 82.95 support and the trendline to open a long position on the stock. The objective will be set near USD 92.6. Once the position is opened, a stop loss should be set under effective entry point to guard against a trend reversal.