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WalMart Stuggles On Rally Day



March 17, 2011 – Comments (0)

WalMart Stores Inc.(NYSE:WMT) is the worlds largest and leading retail company. This morning WMT stock is struggling to catch a bid despite the huge market rally in all of the major stock indexes today. WMT stock is trading lower by 0.07 cents to $51.31 a share. Whenever a stock is trading down on the session when the markets are rallying higher this is telling us that the stock has weak relative strength. WMT stock remains in a down trend on the daily charts at this time by trading below its 50, and 200 moving averages. Short term traders can look for intra-day support around the $51.00 area.

Nicholas Santiago

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