WMT - WAL-MART 5/12/15

The universe of large caps stocks that are attractive buys in my estimation continues to dwindle. One that I have been watching for some time is Wal-Mart (WMT). This company's stock has been sent to the woodshed this year and the price action has been steady to the downside after putting in a yearly high at 90.97 in mid January. The stock currently sits at 78.10 as I write this and there are some indications that there may be some buying interest beginning to build in this name. Note the weekly chart below.

The Daily chart below drills down a bit and highlights the recent failures to push into green on the histogram. The combination of the current oversold reading and the recent turn on the shorter daily timeframe is constructive for a bullish trade. Scoping this one for good entry point!

Posted to "Deep Money Stock and Optio… on May 12, 2015 — 9:05 AM
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