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  • No Santa Claus Rally For Wal-Mart 0 comments
    Dec 5, 2013 11:08 AM | about stocks: WMT

    This morning, many of the leading retail stocks are declining lower to start the session. Weak retail sales reports are certainly hurting the sector. There is also a lot of chatter that the minimum wage will increase dramatically in 2014, should this happen it will certainly hurt the bottom line. WMT stock is falling lower by $1.25 to $78.97 a share. Swing traders can watch for solid daily chart support around the $76.00 level which is where the 200-day moving average is. The next major support level for WMT stock is going to be around the $72.50 level should the stock decline further.

    Nicholas Santiago

    (click to enlarge)

    Stocks: WMT
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