One of the most popular stores on the planet Wal-Mart (WMT) is also one of the most popular stocks with both the professional and individual investors. 17 Wall Street brokerage firms have assigned 27 analysts to follow the company's every move. According to this graph provided by Barchart the stock is trading very close to its recent high:
Barchart technical indicators:
- Barchart uses various technical indicators from 7 days to 6 months to analyze the direction of a stock's momentum
- At the present time the sell indicators are weakening and the buy indicators are strengthening
- 32% Barchart technical buy signal
- Trend Spotter hold signal and will change to a buy at 58
- Below its 20 day moving average but above its 50 and 100 day moving averages
- Just 3.59% below its 1 year high
- Relative strength Index 53.53%
- Barchart computes a technical support level at 56.54
- Recently traded at 57.28 with a 50 day moving average of 55.40
Jim Van Meerten is a Marketocracy Master
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