WAL-MART STORES
(WMT-NYSE):
Technical Viewpoint: From a low
of $46.50 on Mar 12, 2003 prices
rallied, reaching a
high of $54.86
on Mar 21, 2003. A
decline saw prices pull back, reaching a
low of
$51.52 on Apr 1, 2003.
Another rally saw prices penetrate
resistance, closing 4/2/03
at $54.07. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 17, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.50. Resistance: Is at $54.86.
Point & Figure: Reversed to the upside on Apr 2, 2003. A P&F upside
reversal takes place at $52.50. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES
(WMT-NYSE) @ $54.50 Stop: Use a protective stop of $52.13.
WAL-MART STORES is currently trading @ $54.07 plus $1.65 on Apr 2, 2003. Price Objective:
$68.00. Risk/Reward: $2.38 VS. $13.50. Today's Risk Reward Ratio: 6:1
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