American Stocks Analysis

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 starts recovering - Analysis - 14-02-2018

Economies.com
2018-02-14 13:24PM UTC

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. 

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