Jim Van Meerten's  Instablog

Barchart.coms Chart of the Day - Wal-Mart Stores (WMT)

Barchart Research Team - BC - Thu Jul 26, 4:59PM CDT

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WMT - Wal-Mart Stores

The "Chart of the Day" is Wal-Mart Stores (WMT), which showed up on Thursday's Barchart "All-Time High" list. Wal-Mart on Thursday posted a new all-time high of $73.95 and closed +2.21%. TrendSpotter has been long since May 18 at $62.43. In recent news on the stock, Bloomberg on July 20 reported that Wal-Mart is the prime mover behind the bill in Congress that would allow states to collect sales tax from out-of-state online merchants, which would put Wal-Mart on a more even playing field with online merchants such as Amazon.com. Wal-Mart Stores, with a market cap of $244 billion, is the world's largest retailer.

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How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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