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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$65.50
Risk/Reward:
$2.50 VS. $10.38
Risk/Reward Ratio:
4:1
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