Walgreen's Boots Alliance Lower After Q2 Report

Walgreen's Boots Alliance WBA shares are trading lower by $3.65 at $82.66 in Tuesday's session. The Street is not impressed with its Q2 EPS beat of $0.03, since it was accompanied by a slight miss for revenues. Also, the company raised the lower end of its FY 2016 guidance. After a lower open, it was not able to reclaim Monday's close ($86.31), stalling at $86 before resuming its decline. So far,i it has reached $82.55 and is not far off that level. If the decline continues, there may additional support at the pair of lows at the $82 level from March 28 and March 29.