Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Walmart’s stock (WMT) rose in the intraday levels, tackling the pivotal resistance of 169.94, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels, hindering gains.
Therefore we expect more gains for the stock, targeting the next resistance at 175.50, provided the initial resistance of 169.94 was reliably breached.
Expected trend for today: Likely Bullish