Wal-Mart's most recent trend suggests a bearish bias. One trading opportunity on Wal-Mart is a Bear Call Spread using a strike $141.00 short call and a strike $146.00 long call offers a potential 19.33% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $141.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock rose above the $146.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Wal-Mart is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Wal-Mart is bearish.
The RSI indicator is at 34.62 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
Tesla (TSLA) Tanks After News of SEC Probe
Mon, 06 Dec 2021 18:27:53 +0000
Shares of the electric car maker are falling after news of an SEC investigation into practices related to its solar panel business.
Strike ends at Walmart-owned Massmart after agreement reached
Mon, 06 Dec 2021 17:24:13 +0000
Thousands of striking workers at companies under Massmart Holdings in South Africa, which is owned by Walmart Inc, will return to work after reaching an agreement over disputes, a labour union said on Monday. At Builders Warehouse, unions were demanding a wage increase of 500 rand ($31.50) monthly, while Massmart was offering an increase of 320 rand. Massmart had said it had identified alternative jobs for those workers.
Former Lyft CFO Roberts Joins Crypto Startup OpenSea
Mon, 06 Dec 2021 11:00:00 +0000
(Bloomberg) — Most Read from BloombergSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaEven in the Metaverse, Not All Identities Are Created EqualAutomating the War on Noise PollutionThe Expensive Plan to Bring Green Power to China’s MegacitiesTech veteran Brian Roberts is joining OpenSea as its first chief financial officer in the latest sign web3 startups are attracting not just historic sums of cash, but also se
Goldman, Morgan Stanley Bid to Buy Into India Mapmaker’s IPO
Mon, 06 Dec 2021 09:56:23 +0000
(Bloomberg) — Goldman Sachs Group Inc. and Morgan Stanley are among institutional investors bidding to participate in the initial public offering of Indian digital-map provider MapmyIndia, according to people familiar with the matter.Most Read from BloombergSand and Soldiers Mix as Troops Move In to Protect Cancun TouristsThe World’s Relentless Demand for Chips Turns Deadly in MalaysiaEven in the Metaverse, Not All Identities Are Created EqualAutomating the War on Noise PollutionThe Expensive P
10 Stocks to Buy According to Michael Rothenberg’s Moab Capital
Sun, 05 Dec 2021 13:53:45 +0000
In this article, we will take a look at the 10 stocks to buy according to Michael Rothenberg’s Moab Capital. If you want to skip our comprehensive analysis of the history, investment philosophy, and hedge fund preference of Moab Capital, you can go directly to 5 Stocks to Buy According to Michael Rothenberg’s Moab Capital. […]
Related Posts
Also on Market Tamer…
Follow Us on Facebook