Wal-Mart Stores (WMT) - March 24, 2008

Harry Aloof · 03-28-2008, 01:16 PM

From Wall Street Trader's Column

WAL-MART STORES INC (WMT-NYSE): Technical Viewpoint: From a low of $47.84 on Feb 7, 2008 prices rallied, reaching a high of $51.57 on Feb 27, 2008. A decline saw prices pull back, reaching a low of $48.64 on Mar 10, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $53.23. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Mar 22, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $48.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 26, 2008. A P&F downside reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES INC (WMT-NYSE) @ $53.50 Stop: Use a protective stop of $51.13. WAL-MART STORES INC is currently trading @ $53.23 plus $2.45 on Mar 20, 2008.

Price Objective: $65.00
Risk/Reward: $2.37 VS. $11.50
Today's Risk Reward Ratio: 5:1

03-28-2008, 01:16 PM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	Wal-Mart Stores (WMT) - March 24, 2008 From Wall Street Trader's Column WAL-MART STORES INC (WMT-NYSE): Technical Viewpoint: From a low of $47.84 on Feb 7, 2008 prices rallied, reaching a high of $51.57 on Feb 27, 2008. A decline saw prices pull back, reaching a low of $48.64 on Mar 10, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $53.23. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Mar 22, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $48.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 26, 2008. A P&F downside reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! WAL-MART STORES INC (WMT-NYSE) @ $53.50 Stop: Use a protective stop of $51.13. WAL-MART STORES INC is currently trading @ $53.23 plus $2.45 on Mar 20, 2008. Price Objective: $65.00 Risk/Reward: $2.37 VS. $11.50 Today's Risk Reward Ratio: 5:1

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