Walmart Stores (WMT) Sells Off After Hitting New 52 Week High
Posted: Friday, March 19, 2010 1:41 PM EDT
By: Market Intelligence Center Staff
Walmart Stores (NYSE: WMT) hit a new 52-Week high of $56.27 so far today. Currently the stock is down $0.56 (-1%) to $55.38 on 10,244,549 shares traded. Today's high is up $8.03 from a 52-Week Low of $47.35. Walmart Stores stock has been showing support around $55.40 and resistance in the $56.22 range. Technical indicators for the stock are bullish and S&P gives WMT a positive 5 STARS (out of 5) strong buy ranking. WMT has moved into the red today with the overall market after the stock rose to a new 52 week high earlier in the day. If you are looking for a hedged play on WMT the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 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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