WAL-MART STORES INC
(WMT-NYSE):
Technical Viewpoint: From a low
of $47.84 on Feb 7, 2008 prices
rallied, reaching a
high of $51.57
on Feb 27, 2008. A
decline saw prices pull back, reaching a
low of
$48.64 on Mar 10, 2008.
Another rally saw prices penetrate
resistance, closing 3/20/08
at $53.23. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 22, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 26, 2008. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES INC
(WMT-NYSE) @ $53.50 Stop: Use a protective stop of $51.13.
WAL-MART STORES INC is currently trading @ $53.23 plus $2.45 on Mar 20, 2008. Price Objective:
$65.00. Risk/Reward: $2.37 VS. $11.50. Today's Risk Reward Ratio: 5:1
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