Trade of the Day: Walmart Stock Looks Ripe to Resolve Higher

Shares of the largest U.S. retailer Walmart (NYSE:WMT) for the year-to-date are lower by around 12%, which inflicted pain on plenty of chart chasers in the early part of the year. For the past four months, WMT stock has found itself in a new consolidation phase which, in my eye, now stands a good chance of resolving to the upside for a trade. Among the retailer analyst community, I am currently hearing a debate whether the “trade war” fears would serve as headwinds or tailwinds for a name like Walmart. …read more

Source:: Yahoo Finance


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