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WMT trade ideas

Walmart Holds the TrendlineWalmart has fallen by the wayside lately as investors focused on reopening stocks. But now it could be poised for a rebound as the coronavirus pandemic worsens. The big box retailer has a trendline starting at the March lows, which was tested in early July and late October. It’s now returned to consolidate at that line. WMT’s 50-day simple moving average (SMA) has also been rising and follows the trendline. Next, its recent consolidation zone around $145-146 is near the mid-October high. That could mean old resistance is becoming new support. Finally, stochastics show an oversold condition. The fundamental picture is also strong, with top- and bottom-line beats the last two quarters. Its digital transformation has been successful. Now brick-and-mortar sales could enjoy a boost if vaccinations drive traffic back into stores. Overall, WMT is a large cap and major index member – exactly the kind of stock investors have shunned recently in favor of smaller names and IPOs. However, a sense of risk may be spreading in the market as coronavirus rebounds. The result could be a return to the big and safe names like the retail giant based in Bentonville, Arkansas. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:WMTLong
by TradeStation
1
WMT - December 20, 2020WMT is the dominant all things retail, defensive in turbulent times stock. Throughout the pandemic WMT has exhibited stellar e-commerce growth of US sales up 97% yoy compared to estimates of just 37% in Fiscal Q2. These growth levels are attributable to increased online shoppers as a result of the pandemic, and WMT has exhibited a best-in-class adoption of their e-commerce platform. From a technical perspective, WMT has found a base in the 145 level and should look to bounce nicely from this level.
NYSE:WMTLong
by AptitudeFinancialAdvisory
1
WMT - The Time for a Move is NearWMT - with lockdowns and the holiday season upon us, WMT is positioned VERY WELL to accelerate their online presence and competition with amazon and others. I'm already in, and watching these channels and trend lines for the next impulse. Enjoy! Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
NYSE:WMTLong
by chartsareforships
WMT - Descending Wedge Reversal PlayIf anyone likes playing WMT, this seems like a good play for monthlies. Forming a descending wedge into the March trend line dynamic support. Reclaimed 9 EMA on the 4H chart and starting to curl up. Trigger to enter is 146.91, as it's the line that has been long-wick rejected two times in the past few days. Breaking this level would also indicate a trend-reversal breakout from the current downtrend. This is moreso a bottom reversal play, rather than my usual momentum/breakout play, so be sure to get far-dated contracts, and position accordingly.
NYSE:WMTLong
by GlitchSPX
Target: 160s by Feb 2021Nice bounce coming in for NYSE:WMT at the 50 day moving average. Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings. I consider WMT to be a good long-term hold as well to keep the portfolio diversified. I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
NYSE:WMTLong
by Karam08