Walgreen Co. (WAG) — This operator of a large chain of drugstores fell from a high of $51 in 2006 to below $22 in March of this year.

But since March, WAG has rallied on strong volume forming a “V” bottom before comfortably breaking through its 200-day moving average at a double top.

The trading target for WAG is $36 but long-term buyers may want to position this high-quality retail stock in their portfolio, too.

Get Sam Collins’ Daily Trader’s Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!

In addition to getting instant access to his Trade of the Day, you’ll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!

Click here today to sign up today for Sam’s FREE Daily Trader’s Alert!

Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.