Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $131.00 short put and a strike $126.00 long put offers a potential 60.26% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $131.00 by expiration. The full premium credit of $1.88 would be kept by the premium seller. The risk of $3.12 would be incurred if the stock dropped below the $126.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Wal-Mart is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Wal-Mart is bullish.
The RSI indicator is at 77.73 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Wal-Mart
Flipkart buys parent Walmart's Indian wholesale business
Thu, 23 Jul 2020 07:00:54 +0000
India's Flipkart said on Thursday it had acquired parent Walmart Inc's
E-commerce firm Flipkart buys Walmart's India wholesale business
Thu, 23 Jul 2020 06:13:40 +0000
How Walmart's Thanksgiving Schedule Changes The Holiday Shopping Season
Wed, 22 Jul 2020 21:44:39 +0000
Walmart Inc (NYSE: WMT) announced this week that it would close all stores on Thanksgiving this year, ending a history of starting Black Friday deals on the holiday. Bentonville also announced an August bonus of between $150 and $300 for all employees. Monday also was the first day of Walmart's policy that requires shoppers who do not have a disability to wear face masks when shopping in their stores. Walmart's Thanksgiving Closure: Black Friday shopping has seen shifts in recent years. In 2019, retail shopping on Black Friday was down 6.2% but increased on Thanksgiving day by 2.3%, according to data compiled by ShopperTrak.The decision to close on Thanksgiving also extends to Walmart-owned Sam's Club."We know this has been a trying year, and our associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones," CEO John Furner said in a statement. "We are certainly thankful to our people for all of their efforts."Walmart Bonuses In 2020: The retailer's August bonus is the third round of bonuses that Walmart has provided since March.They've totaled more than $1.1 billion, according to the retailer.Photo courtesy of Walmart. See more from Benzinga * What Missed Rent Payments, Pandemic Could Mean For REITs, Housing Market * Low Fixed Mortgage Rates Lead To Refinancing Boom * Why StockX Activity Is Up 50% Year-Over-Year: A Rally In The Stock Market Of Things(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dow Jones Stocks To Buy And Watch In July 2020: Intel, Nike, Pfizer, Visa
Wed, 22 Jul 2020 20:33:33 +0000
The Dow Jones Industrial Average finished the second quarter of 2020 with sharp gains, as the stock market continues to rebound. Top Dow Jones stocks to watch in July are Intel, Nike and Visa. Meanwhile, Pfizer is approaching a new buy point on a coronavirus vaccine deal with the U.
Shopify inks deal with Affirm, a buy-now-pay-later financing service for credit-card users
Wed, 22 Jul 2020 14:48:00 +0000
Shopify Inc. on Wednesday said it has selected Affirm, a buy-now-pay-later (BNPL) financing service for credit-card users, to exclusively power Shop Pay Installments when it launches later this year. Terms were not disclosed. Affirm, founded by PayPal Holdings Inc. co-founder Max Levchin, has seen a 40% increase in merchant signings from March 1 to April 30, compared to the first two months of the year. Among the 6,000 merchants who use it are Walmart Inc. and Peloton Interactive Inc. . "This is one giant leap to make our service ubiquitous," Levchin told MarketWatch in a phone interview Wednesday. "This has changed the game. The BNPL market is on a tear."
Related Posts
Also on Market Tamer…
Follow Us on Facebook