user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 416679 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Shares of Wal-Mart Stores (WMT) to Approach Support at $68.02

Published on Mon, 01/07/2013 - 13:38
By Mallory Stone

Shares of Wal-Mart Stores (NYSE:WMT) opened today below their pivot of $68.86 and have already reached the first level of support at $68.54. Analysts will be watching for a cross of the next downside pivot targets of $68.02 and $67.18.

In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $57.18 and a high of $77.60 and are now at $68.17, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.9%.

Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company's discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart's markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally.

Wal-Mart Stores (NYSE:WMT) has potential upside of 15.2% based on a current price of $68.17 and analysts' consensus price target of $78.55. The stock should run into initial resistance at its 200-day moving average (MA) of $69.03 and subsequent resistance at its 50-day MA of $70.91.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Advance Auto Parts Earnings In Retrospec...

Two weeks ago on August 14th, 2014 Advance Auto Parts (NYSE:AAP) reported earnings and ...

Earnings Flashback: Since Reporting Quar...

When Flowers Foods (NYSE:FLO) reported earnings 18 days ago on August 12th, 2014, analy ...

American Eagle Outfitters Earnings Hinds...

When American Eagle Outfitters (NYSE:AEO) reported earnings 10 days ago on August 20th, ...

Post Earnings Update: K12 Has Sunk 3.0% ...

When K12 (NYSE:LRN) reported earnings 16 days ago on August 14th, 2014, analysts, on av ...

AnnTaylor Stores Earnings Hindsight: Up ...

When AnnTaylor Stores (NYSE:ANN) reported earnings 8 days ago on August 22nd, 2014, ana ...

Resolute Energy Earnings Review: 19 Days...

Two weeks ago on August 11th, 2014 Resolute Energy (NYSE:REN) reported earnings and ana ...

salesforce.com Earnings Review: 9 Days a...

When salesforce.com (NYSE:CRM) reported earnings a week ago on August 21st, 2014, analy ...

Post Earnings Update: JM Smucker Has Cli...

When JM Smucker (NYSE:SJM) reported earnings 10 days ago on August 20th, 2014, analysts ...