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Stock Pick of the Day - Wal Mart Stores Inc.
Dec 05, 2009

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Larry Swing

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Stock of the Day – Wal-Mart Stores Inc (WMT)

Price - $54.24

Strategy – Short

RSI – 64.94

MACD – 0.90

 

Wal-Mart Stores Inc is exhibiting bearish patterns at current level. The stock is looking top heavy and also trading at lower volumes. One can expect the stock to dip near 5% from current levels and find support near $51-$52 levels.

 

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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WMT
C:61.8800

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