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inthemoneystock (< 20)

Alert: Walmart Approaching Buy Level



January 31, 2011 – Comments (1)

Wal-Mart Stores, Inc. (NYSE:WMT) has fallen sharply over the last two trading days. The stock had been on a recent spike for two straight weeks. This pull back offers a solid short term swing trading long opportunity.  This level is the 20 moving average on the daily chart.  WMT should see a 1-2 day bounce off this level and be good for some gains. The 20 moving average can been seen in the chart below and is an approximate level of $55.40.

Gareth Soloway

1 Comments – Post Your Own

#1) On January 31, 2011 at 2:34 PM, davejh23 (< 20) wrote:

That's a pretty sharp reversal.  I have a watchlist of large cap dividend stocks that is nearly red across the board today.  These are all S&P 500 / Dow stocks.  This has been common over the last few months...the indexes are green, everything on my watchlist is red...most of these stocks are well below highs that were reached in October.  WMT is the only one anywhere near 52 week highs.  I'd say it's about time for large caps to lead...however, I don't know if they'll actually advance or if they'll just hold up while small caps pull back and emerging markets tank.  I'm guessing the dollar rises and US stocks see the most significant pull-back since last Spring.   

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