Walmart may rise to 73.40 - 74.40

66.7 is our pivot point.

Our preference

As long as 66.7 is support look for 73.4.

Alternative scenario

Below 66.7, expect 65 and 63.9.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 67.586 and 64.5064). Finally, Walmart has crossed above its upper daily Bollinger band (69.44).

Supports and resistances

75.6 **

74.4 *

73.4 **

72.3

70.04 (USD-last)

67.4

66.7 **

65 *

63.9 **

Number of asterisks represents the strength of support and resistance levels.