Walmart tries to recoup some losses - Analysis - 24-06-2022

Walmart's stock (WMT) rose in the intraday levels after launching an expansion plan to support healthcare products for women, with the stock surging 2.43,% in the last session, or 2.93 points, settling at 123.62, with trading volumes surpassing 6 million shares, above 10-day averages of 8.2 million shares. 

The stock is trying to recoup some recent losses amid positive signals from the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the pivotal support of 117.00, provided the resistance of 126.28 holds on.

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Expected trend for today: Bearish