BUY! WAL-MART STORES INC (WMT) NYSE

  Report No. 1264    Analysis by: Harry Aloof     APRIL 19, 2001

WAL-MART STORES INC (WMT-NYSE): Technical Viewpoint: From a low of $45.18 on Mar 23, 2001 prices rallied, reaching a high of $51.79 on Apr 9, 2001. A decline saw prices pull back, reaching a low of $47.41 on Apr 12, 2001. Another rally saw prices penetrate resistance, closing 4/18/01 at $52.73. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 18, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $48.25. Resistance: Is at $52.96. Point & Figure: Reversed to the upside on Apr 18, 2001. A P&F upside reversal takes place at $50.25. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES INC (WMT-NYSE) @ $53.12 Stop: Use a protective stop of $50.50. WAL-MART STORES INC is currently trading @ $52.73 plus $3.49 on Apr 18, 2001. Price Objective: $64.00. Risk/Reward: $2.62 VS. $10.88. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$64.00 Risk/Reward:
$2.62 VS. $10.88 Risk/Reward Ratio:
4:1
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