Walmart may rise to 72.70 - 74.20

Our pivot point stands at 65.3.

Our preference

As long as 65.3 is support look for 72.7.

Alternative scenario

The downside breakout of 65.3 would call for 62.8 and 61.3.

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 positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 66.2685 and 62.8334).

Supports and resistances

75.7 **

74.2 *

72.7 **

71.2

68.01 (USD-last)

66.3

65.3 **

62.8 *

61.3 **

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