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Wal-Mart Stores, Inc. Will Bounce For A Few Days



October 07, 2013 – Comments (0) | RELATED TICKERS: WMT

Wal-Mart Stores, Inc. (NYSE:WMT) is trading like a bounce is coming. Please note the chart below. The stock has been down for two straight weeks and just hit a key support level. In addition, off that support it is now forming a possible bottoming tail. This setup should yield a multi down bounce back to $74.05. Please note if no agreement is reached with the debt ceiling and government shut down, the markets could collapse. This would make it tough for Wal-Mart to bounce.

Gareth Soloway

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