Potential Long WMT Swing from 200MA to challenge Earnings Gap
If the market (especially the Dow Jones) starts to make its way back towards the highs, WMT is a great candidate to go long. Recent bounce from the 200MA is showing legs thus far, and with a supporting market, we could see a rally to challenge the earnings gap at ~$97-98.
Confirmation that the trade is progressing well: watch for strong up days, exceeding the size of (daily) down candles/bars.
Logical stop would be set at the reaction low from the 200MA: ~ $85.90
Confirmation that the trade is progressing well: watch for strong up days, exceeding the size of (daily) down candles/bars.
Logical stop would be set at the reaction low from the 200MA: ~ $85.90
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