Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 16.82% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $70.00 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 59.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
Wal-Mart worker: Fired for helping assaulted woman
Fri, 18 Oct 2013 01:55:19 GMT
AP – A Wal-Mart employee says the retail giant fired him after he tried to help a woman being attacked in the parking lot of a southeastern Michigan store. Thirty-year-old Kristopher Oswald tells WXYZ-TV (http://bit.ly/18qGyBh …
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Thu, 17 Oct 2013 19:18:00 GMT
TheStreet – Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Trade-Ideas …
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