Walmart Inc. (WMT) – stock is trading around $120.29 dollars as of December, 16, 2019 and offering a possible buying price between $119.67 – $125.65. Let’s look at the stocks technical actions using a weekly chart.
2. The stock witnessed a washout week back in August during the bull run, as it came under severe distribution on heavier volume, but closed the week on a strong note.
3. The stock staged a stalling/failed breakout few weeks backs as it closed at the bottom for the week in heavier volume. But, it still closed above the key 50 day moving average (DMA) support line.
4. The stock is trading well above the 200 DMA.
5. The stock closing above the 50 DMA line for several weeks, now.
6. The stock is offering possible buying price between $119.67 – $125.65, with a stop loss at $110.10.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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