WalMart Stuggles On Rally Day
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.