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Walmart's 52 Week High Justified? 1 comment
Walmart's 52 Week High Justified? Just looking at the charts a low risk short looks like a good play for (WMT) stock which has risen close to it's all time high touched once in 1999. WMT has a dominant presence in America's grocery sector and a growing one abroad. For those who like avoiding risk it's hard to imagine WMT going past $72, insuring single digit % losses if you were to buy your short sales back below that point. For swing traders that are patient WMT looks like a nice technical set up to short over the coming weeks.
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This post has 1 comment:
Good luck trading out there.
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