Walmart resumes decline - Analysis - 06-12-2018

Walmart's stock returned lower after testing the upside trend line that breached recently in the short term, amid negative pressure from the 50-day SMA, recording a final loss of 2.98%, or 2.94 points, countered with positive signals from the RSI.

Therefore we expect more losses for the stock, targeting the support of 934.31, as long as the resistance of 97.66 holds on.

Expected trend for today: Bearish