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WMT

Posted by StockBuz on March 17, 2014 at 4:51pm in Sectors and Short Setups

I know I could be short for this but Walmart's weekly chart (daily shown here) certainly resembled a head-and-shoulders top.  Neckline not broken yet but that's the type of play I like to get in on.  Sell the right shoulder with a coverstop above it.  Just sayin'

We know retail has been hurting and with minimum wage jobs being created, has the sector topped out?  We shall see.

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Tags: wmt, short trade ideas
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  • Admin
    StockBuz March 21, 2014 at 10:41am

    This setup nullified today as WMT broke above the right shoulder.  Bulls have won (at least risk was well defined)

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