WMT trade ideas
Walmart WMT looking for a breakout/downWalmart WMT is pushing up against my fibo lines for a breakout. It needs to stay above those fibo support lines to stay valid.
WMT poised for a move - bias to the downsideI think WMT is ready for another drop here up against this fib line. It could pop up, but if it does, I'd expect nothing more than some consolidation and sideways movement for a while. Not putting my hope in it.
WMT Wedging a bit moreWe should see WMT in between $127 to $128 on Monday.
People are still stocking up and preparing for at home vacations. Home improvement and DIY is sky scrapping.
Good time for small move Calls
Walmart Earnings Double Short?Made a weekly trade on WMT, as writing this we seem to be breaking through $126.
My play:
- WMT $123 Put 5/22 @ $51 per contract.
Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out).
Do not trade this, you will lose money.
DotcomJack
WMT - Walmart Technical Analysis Bullish Trend
Walmart Inc. (NYSE: WMT) will report its fiscal first-quarter results before the markets open on Tuesday as well. Analysts are looking for $1.17 in EPS and $130.31 billion in revenue. Shares ended the week close to $126, with a consensus price target of $128.56. The stock has a 52-week trading range of $99.91 to $133.38.
$WMT Bullish setup pre-earning targeting 140-136 SL 120RSI showing positive direction supported with good levels for other indicators - Bullish candle on Friday suggested continuation for bull wave targeting ATH range between 140-136 . Previous top at 133.38 and recent support at 122 below it 120 and 116
Shoutout to maxim77788 WalmartShout-out to maxim77788 he said Walmart could see a boom I took his advice and came out with a nice profit.
If Walmart beats the expectations on the earning it could go up $5. And makes hitting $140 in 1-2 weeks a reality. One thing to keep in mind though is Walmart is almost overbought. PLEASE COMMENT WHAT YOU THINK!
WMT STOCK ROSE 4.27 IN PRE MARKET AFTER BEATING EARNINGS LONGWalmart Inc. stock rose 4.2% in Tuesday premarket trading after the retail giant reported first-quarter earnings and sales that beat expectations. Net income totaled $3.99 billion, or $1.40 per share, up from $3.84 billion, or $1.33 per share, last year. Adjusted EPS of $1.18 beat the FactSet consensus for $1.12. Revenue of $134.62 billion was up from $123.93 billion last year and ahead of the $132.69 billion FactSet outlook. U.S. same-store sales rose 10% with food, wellness and consumables leading the way. FactSet forecast domestic same-store sales growth of 11.3%. Walmart e-commerce sales soared 74%. Walmart incurred nearly $900 million in COVID-19-related expenses including $755 million in bonuses for associates, the launch of Express Delivery, which gets purchases to customers' homes in less than two hours, and hiring more than 235,000 new associates. Walmart will shut down Jet.com "due to the continued strength of the Walmart.com brand." Walmart has withdrawn fiscal 2021 guidance due to the uncertainty surrounding the coronavirus pandemic. Walmart stock has rallied 26.6% for the past year while the Dow Jones Industrial Average is down 4.5% for the period.
WMTWMT with an SMA 50 and MA 200 Looks like a Buy! and will continue to go up for a while so far so good!
PAY WALMART at market reopenningHey people, WALMART is very interesting, it is in an upward trend. it gives a good sign to buy keep it or take your profit!
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$WMT ahead of Earnings - May 19th is Walmart's earnings. No doubt numbers are already expected to be quite high.
That said, if you look at the YTD chart, there's little to write home about this stock. Expecting a gap fill, not sure I'll stay in after that.
$WMT Walmart destined for All Time High
Stock is within a very well established ascending 4 year channel.
While bullish, this channel may also as strong resistance to any rally post earnings.
Moving averages are in strong uptrend.
Indicators are general strong.
We all know the dependence we have all had on the retailers in the past 2 months and the fact that all our weekly spend is focused on this group as competition is limited.
WMT Wedge to Great EarningsWalmart has just about been corona virus proof providing products everyone needs during this
situation.
Earnings will be great and should have a nice quick jump to about 130 by Tuesday morning.
Bullish PennantWalmart started a down-trend after Apr 17, which was also a healthy correction after a big run-up.
I am bullish on this one, the reason for it:
> Chart paints a beautiful bullish pennant
>Earning beat will cause another run-up to higher levels. (which is very likely)
>WMT proved to be a recession-proof stock, so if another downturn occurs, it will probably rise again.
My suggestion:
>Limit buy at 123.37 and at a lower level: 122.30
>Stop Loss: 120.61
>Take Profit: 133.3
WMTToo far too fast for WMT? Tried to break out of the channel dating back to July 2012 but failed. 3 bar play on weekly triggers below $120.78. Targets below that could get hit this year if it plays out.
