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WMT

WMT. Looking for high quality setups.This isn't super clean as of today, but it is setting up nicely to my eyes. For the long term buy and holders I'd say go ahead and hop in. For those of us cursed with the necessity of using stop losses, I'd like it to get a little closer to a lower level, or to show some more upward momentum before I can find a sensible risk ratio. For the most part I am just training my daily trend trading muscles. Hopefully doing so with quality repetitions. I see there are no earnings for two weeks so massive volatility should be out of our mind. Cons: The 50 crossed under the 200 to the downside in what people call the death cross. I see price action is behaving very bullishly in this recent rally. It looks to me like price bottomed following negative earnings expectations, and is now on its way back up in classic bull fashion. The 200 is still sloped upward, so one could also argue this is a terrific time to buy. **EDIT** The markings I did on the 4HR time frame, then published on the daily. So some of the lines won't match up perfectly. But, the markings were made on the 4HR chart, not the daily.
NYSE:WMTLong
by emehoke
WMT 1Q Earning Target 2021WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely to continue without any strong resistance. Being the largest retailer in 2019 boasting 523 B in sales (NRF.com) doubling AMZN sales, this stock is a solid frontrunner as we move into a post pandemic economy. The NFP report on April 2nd of 916k (almost double the previous month report) compared to the 652k estimate is also encouraging as this could lead to more consumer spending. Still to come this month are MOM retail sale reports on the 15th and 16th which will could potentially back this thesis. Furthermore, with the market creating new highs quickly, there could be a tinge of uncertainty or heightened volatility as the rally hasn't really had much catalyst other than jobs, but with WMT's Beta of .47 (Zachs) this stock is relatively safe. With a debt to equity ratio at a 2 year low as well, this stock is definitely a strong buy in my opinion and I have set my post earnings target for 160 with this stock. This would be an all time high and about a 2% increase from current highs which is definitely within reason all things considered.
NYSE:WMTLong
by crawfordpaul
WMT Covered CallBeen holding this trade for a few weeks now. This is my first post related to options trading. I'm using the lines to show a visual of how selling a Call has helped create a range of profitability and risk management. GREEN LINE - Max Profit - This green line is in relation to the original share price entry point, the Call strike price, plus any premium collected. YELLOW LINE - Strike Price - I will adjust this often in an effort to continue to manage the risk, while maximizing profits. I try to stay under the stock price to maximize risk management. RED LINE - Break-Even - This line is a proposed break-even price of the covered call. It is a linear sloped line, but is not accurate. This line give a rough estimation of what my break if is based on each expiration date. PINK LINES - rough projections based on the last Max Profit and Break-Even potential. I'm using this to show what might potentially happen to the range, the longer I hold on to this trade.
NYSE:WMTLong
by oldinvestor