Wal-Mart - Chart Analysis

Ticker Symbol: WMT

Wal-Mart Chart Analysis

Support

Wal-Mart tried to establish support on October 10th at $50.59 but failed to hold the following week. By mid-December, Wal-Mart had established support in the upper $54 range, and broke lower after reporting downbeat December comparables.

Resistance

Wal-Mart hit established resistance at 54.50 on October 13, 2008, and failed to break through the ceiling on October 16th and October 20th. A breakout occurred on October 28th, extending through Nov. 4th.

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