Wal-Mart Stores, Inc. (NYSE:WMT) has just crossed the 52 week high level and made a new all time high. The current price is $77.91, +0.62 (0.80%). The level of $78.00-$79.00 represents a great shorting opportunity for many reasons, listed below.
Help Wiyh Paper 1. Major trend line of resistance at $78.00-$79.00. Connect the high from 1999 to 2012. That trend line extends to a price of $78.00.
Best American Essays Read Online 2. The stock is extremely extended on the daily, weekly and monthly charts.
3. February sales at Walmart were the worst in seven years according to an internal email.
4. Payroll tax hike will hit the Walmart consumer the most.
Research Paper About Gun Control These are just the main reasons why the stock will pull back from the $78.00-79.00 range.
English Paper Bsc 2013 Punjab University Gareth Soloway