WAL-MART STORES INC
(WMT-NYSE):
Technical Viewpoint: From a low
of $57.31 on Feb 9, 2000 prices
rallied, reaching a
high of $43.44
on Mar 3, 2000. A
decline saw prices pull back, reaching a
low of
$45 5/8 on Mar 8, 2000.
Another rally saw prices penetrate
resistance, closing 4/3/00
at $61.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 22, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.00. Resistance: Is at $69.00.
Point & Figure: Reversed to the upside on Apr 3, 2000. A P&F upside
reversal takes place at $59.00. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES INC
(WMT-NYSE) @ $62 1/8 Stop: Use a protective stop of $59 1/4.
WAL-MART STORES INC is currently trading @ $61.69 plus $5.19 on Apr 3, 2000. Price Objective:
$73.00. Risk/Reward: $2 7/8 VS. $10 7/8. 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:
$73.00
Risk/Reward:
$2 7/8 VS. $10 7/8
Risk/Reward Ratio:
4:1
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