Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $76.00 short put and a strike $71.00 long put offers a potential 6.38% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $76.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $71.00 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 69.54 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
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Tue, 09 Sep 2014 04:42:14 GMT
Can 1.3 Million Walmart Workers Deduct ‘Uniforms' On Their Taxes?
Tue, 09 Sep 2014 03:57:00 GMT
Forbes – Walmart's Dress Code Means Workers May Need To Go Out of Pocket, But Does That Mean Tax Deductions? Not Necessarily.
UK retail sales growth accelerates in August – BRC
Tue, 09 Sep 2014 00:31:34 GMT
Why Walmart plans to grow in the Chinese e-commerce market
Mon, 08 Sep 2014 21:00:15 GMT
Canadian retailers bet on technology in fight with U.S. giants
Mon, 08 Sep 2014 19:54:19 GMT
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