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 Stores' stock (WMT) rose in the intraday levels, scoring a profit of 1.44% in the last session, or 1.43 points, after leaning on the upside short-term trend line, while the RSI reached extremely oversold levels compared to the stock's movement, trespassing the resistance of the 50-day SMA and shaking off its negative pressure.
Therefore we expect more gains for the stock, provided the support of 97.09 holds on, targeting the resistance of 109.98.