Wal-Mart Stores, Inc. (WMT/NYSE/S&P500)
08 September 2017, 12:13
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 80.65 |
| Take Profit | 81.10, 81.60, 82.00 |
| Stop Loss | 80.10 |
| Key Levels | 78.00, 79.00, 80.00, 80.60, 81.20 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 70.90 |
| Take Profit | 79.00, 78.75 |
| Stop Loss | 80.50 |
| Key Levels | 78.00, 79.00, 80.00, 80.60, 81.20 |
Industry: General store
Current trend
Within the price war against Amazon Wal-Mart reported the opening of 1000th point of online orders distribution. The service, started in 2013, allows the buyers to order goods online and get them via distribution points. In the end of August Wal-Mart announced the possibility of ordering via Google Home, the Google Express application or web site by the end of September.
Wal-Mart has published the Q2 2017 report, which showed growth of income and profit, and also reflected the success of the company in the online business. The ETA of 1.08 USD and income of 123.36 billion USD exceeded The Wall Street analysts’ expectations. The comparative sales in the USA grew by 1.7% YoY.
During the last week Wal-Mart stocks grew by 2.01% against the fall of the S&P 500 index by 0.58%.
The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.
Key levels
This week the issuer kept the key demand zone of 77.80–78.00, which caused aggressive buying. At the moment the price is consolidating. The key trading range is 80.00–80.60. The technical correction is not excluded in the nearest future. Indicators don’t dive clear signals.
Support levels: 80.00, 79.00, 78.00.
Resistance levels: 80.60, 81.20.
Trading tips
If the price is set above the level of 80.60, find entering points to open long positions. Closing profitable positions is possible at the levels of 81.10, 81.60, 82.00. Stop loss is 80.10.
If the price is set below the round level of 80.00, it’s better to open short positions with the targets at 79.00–78.75. Stop loss is 80.50.
Implementation period: 3 days.
Current trend
Within the price war against Amazon Wal-Mart reported the opening of 1000th point of online orders distribution. The service, started in 2013, allows the buyers to order goods online and get them via distribution points. In the end of August Wal-Mart announced the possibility of ordering via Google Home, the Google Express application or web site by the end of September.
Wal-Mart has published the Q2 2017 report, which showed growth of income and profit, and also reflected the success of the company in the online business. The ETA of 1.08 USD and income of 123.36 billion USD exceeded The Wall Street analysts’ expectations. The comparative sales in the USA grew by 1.7% YoY.
During the last week Wal-Mart stocks grew by 2.01% against the fall of the S&P 500 index by 0.58%.
The comparative analysis between the indicators of the company and its competitors suggest the neutrality of its share prices.
Key levels
This week the issuer kept the key demand zone of 77.80–78.00, which caused aggressive buying. At the moment the price is consolidating. The key trading range is 80.00–80.60. The technical correction is not excluded in the nearest future. Indicators don’t dive clear signals.
Support levels: 80.00, 79.00, 78.00.
Resistance levels: 80.60, 81.20.
Trading tips
If the price is set above the level of 80.60, find entering points to open long positions. Closing profitable positions is possible at the levels of 81.10, 81.60, 82.00. Stop loss is 80.10.
If the price is set below the round level of 80.00, it’s better to open short positions with the targets at 79.00–78.75. Stop loss is 80.50.
Implementation period: 3 days.
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