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WMT

WMT overvalued & ripe for pullback?WMT completed a head and shoulder pattern without any substantial pullback in July. WMT is currently at the average analysts 12 months target of $81. However, according to Trefis and CFRA, the fair value of WMT is approximately 5% to 7% lower. A meaningful pullback of 10% to the 200 day moving average would not be unreasonable should investors be displeased with the next earnings report on August 17. Investors have not seen any meaningful increase in earnings during the past 5 years. Earnings estimates for 2017 are 4.32 with the 2018 estimate of 4.36 giving minimal increase. Based on an average PE ratio over the last 5 years of 15.15 a share price of $66 is not unreasonable and would return the stock back to the lows seen earlier this year. Long term earnings growth projections for WMT are 5.8% annually over the next 5 years. Valueline suggests long term investors can expect this as a minimum 3-5 year annual total return projection.
NYSE:WMTShort
by dime
WMT. Short on Fibo confluence and possible pattern cascadeChart shows that price is being bewered in a strong resistance zone, which is trying to break once again. A 75.90 per share has an interesting Fibo confluence which may be considered as a "do-or-die" level as it is a level which validates or invalidates two Cypher patterns. Only a bigger one is shown, which would complete at 60.60 per share, while a smaller one points towards an eventual return to below 70 per share. Will open a short position aiming 67 as a first target and then watch on how the price behaves. My SL will be placed at 78 per share
NYSE:WMTShort
by captain_smollett
2
Mixed Medium-Term Outlook for Wal-Mart (WMT)On March 29, 2017 Wal-Mart (WMT) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 58.1906. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction but slightly moving up at the moment. The true strength index (TSI) is currently 7.9533. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up. Even though it is still a positive number, it is trending downward. The positive vortex indicator (VI) is currently 1.000 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a downward trend channel, the stock could gain 0.71% over the next three weeks. The stock recently broke out of its most recent downward micro trend channel and appears to be using the old resistance as the new support which is common. Over the next few months the stock will approach the bottom of its major support channel that is pointing upward. For this reason, I do not expect much upward movement over the next three weeks.
NYSE:WMT
by StockSignaler
Long book: WMT at support with solid valuationWMT is offering a great entry for the long term here. Free cash flow yield of 6.8%, earnings yield of 5.6% with very low debt, with a 2.94% dividend yield on top make for a solid spot to acquire WMT shares. You can buy here, or buy gradually over a week/month to average your entry. I'd reccomend either risking a 3.1usd decline, or using no stop and sizing it accordingly to risk 1% of your capital. Alternatively you can sell puts at the money, or at the target, the 80 strike Dec 16 puts pay a hefty premium which makes break even possible close to these prices. Profit is similar to being long shares, but you get cash up front which you can use for other trades. Good luck, Ivan Labrie.
NYSE:WMTLong
by IvanLabrie
Are we seeing DISTRIBUTION on a QUARTERLY timeframe?I think this is a great chart and study of the application of Wyckoff. I don't claim to be an expert as only studied a few publications; however, I diligently apply it as I find logic more applicable to "technicals." 1st I'm not sure I would over-react; but longs should be aware that we may be witnessing DISTRIBUTION on a QUARTERLY timeframe. Prices are attempting to remain above resistance created in 1999. If price are unable to hold this $70 level it could very well confirm my bearish distributive thesis as it would create a "last point of supply" (LPSY). If prices were to reject this level bulls still have a "safety net" as the long term trend has created support defined by the lower trendline of the ascending channel around $59. If this level is violated I would recommend protecting any long term profits. A breakdown of this longer term support would create an "oversold" opportunity allowing buyers to re-enter with less risk; likely returning prices back within the ascending channel. Good Luck!
NYSE:WMT
by jamison.gaddy
3