Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, as well as retail Websites, such as walmart.com and samsclub.com.
Take a look at the 1-year chart of Wal-Mart (NYSE: WMT) below with my added notations:
WMT has been trending lower for all of 2015. Over that time, the
stock has formed an important trend line of resistance (red). Any (2)
points can start a trend line, but it’s the 3rd test and beyond that
confirm its importance. WMT seems to have an important trendline of
resistance, which currently sits right around $62. A break above that
line should mean higher prices, overall, for the stock.
The Tale of the Tape: WMT is currently stuck under a
down trending resistance. A break above that resistance should mean
higher prices for the stock, thus a long trade could be made. Short
traders might look to enter a trade at the resistance.