WAL-MART STORES
(WMT-NYSE):
Technical Viewpoint: From a low
of $43.44 on Feb 24, 2000 prices
rallied, reaching a
high of $53.31
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 3/29/00
at $58 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 21, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53 3/8. Resistance: Is at $60.00.
Point & Figure: Reversed to the upside on Mar 21, 2000. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES
(WMT-NYSE) @ $59 1/2 Stop: Use a protective stop of $56 3/4.
WAL-MART STORES is currently trading @ $58 3/4 plus $4 1/4 on Mar 29, 2000. Price Objective:
$70.00. Risk/Reward: $2 3/4 VS. $10 1/2. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|