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Walgreen broke out of an 18-month base Friday, marking a new high on double normal volume. The Relative Price Strength line also hiked into new high territory, a bullish sign that it's leading the market.
The Deerfield, Ill.-based firm runs 3,118 pharmacy stores in 43 states and Puerto Rico. Walgreen's growth target is 6,000 stores by 2010. It tops IBD's 10-member Retail-Drug Stores group in terms of market cap and ratings for Earnings Per Share
growth (88) and Relative Price Strength (74 before Friday's trade).
On Aug. 7, Walgreen's home health care services unit said it bought selected assets of Florida-based Home Care Medical Services. Home Care …