BUY! WAL-MART STORES (WMT) NYSE

  Report No. 1605    Analysis by: Harry Aloof     SEPTEMBER 23, 2002

WAL-MART STORES (WMT-NYSE): Technical Viewpoint: From a low of $43.72 on Jul 24, 2002 prices rallied, reaching a high of $54.79 on Aug 15, 2002. A decline saw prices pull back, reaching a low of $50.02 on Sep 5, 2002. Another rally saw prices penetrate resistance, closing 9/20/02 at $54.70. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 16, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $52.50. Resistance: Is at $57.00. Point & Figure: Reversed to the upside on Sep 17, 2002. A P&F upside reversal takes place at $53.25. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES (WMT-NYSE) @ $55.13 Stop: Use a protective stop of $52.63. WAL-MART STORES is currently trading @ $54.70 plus $1.00 on Sep 20, 2002. Price Objective: $65.50. Risk/Reward: $2.50 VS. $10.38. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$65.50 Risk/Reward:
$2.50 VS. $10.38 Risk/Reward Ratio:
4:1
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