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 skidded 2.27% in the last session, or 2.32 points, closing a recent rising gap and leaning on the support of 100.21, with positive support from the 50-day SMA, while buoyed by a positive pattern that complimented the upward trend, the Inverse Head and Shoulders pattern.
Therefore we expect the stock to return higher, provided the support of 100.21 holds on, targeting the resistance of 106.21.
Likely trend for today: Bullish