Wal-Mart $WMT is Weak on a Near Term Basis
Wal-Mart (NYSE: WMT) is Weak on a Near Term Basis, but neutral otherwise.
Long Term Trading Plans for WMT
May 9, 2018, 9:10 am ET
The technical Summary and associated Trading Plans for WMT listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for WMT. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
WMT - (Long) Support Plan
Buy over 79.34 target 95.40 stop loss @ 79.08.
The technical summary data tells us to buy WMT near 79.34 with an upside target of 95.40. This data also tells us to set a stop loss @ 79.08 to protect against excessive loss in case the stock begins to move against the trade. 79.34 is the first level of support below 85.15 , and by rule, any test of support is a buy signal. In this case, support 79.34 would be being tested, so a buy signal would exist.
WMT - (Short) Resistance Plan
Short under 95.40 target 79.34 stop loss @ 95.66.
The technical summary data is suggesting a short of WMT as it gets near 95.40 with a downside target of 79.34. We should have a stop loss in place at 95.66 though. 95.40 is the first level of resistance above 85.15, and by rule, any test of resistance is a short signal. In this case, if resistance 95.40 is being tested, so a short signal would exist.