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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$64.00
Risk/Reward:
$2.62 VS. $10.88
Risk/Reward Ratio:
4:1
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