Walmart Stores (WMT) NewsBite - WMT Is On the Move
Posted: Thursday, March 18, 2010 10:13 AM EDT
By: Market Intelligence Center Staff
Walmart Stores (WMT) appears to be on the move today and is now at $55.71, down $0.21 (-0.37%) on volume of 1,183,045 shares traded. WMT was covered in a was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la031810 . Over the last 52 weeks the stock has ranged from a low of $47.35 to a high of $56.27. Walmart Stores stock has been showing support around $55.43 and resistance in the $56.37 range. Technical indicators for the stock are bullish and S&P gives WMT a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on WMT the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 62.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Walmart Stores (WMT) Stock ReportSee what our analysts have uncovered about Walmart Stores (WMT).
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