Fundamentally this stock has nearly complete monopoly in the retail sector for daily consumer goods. So I don't see why WMT will not go higher.
On the technical side, RSI is showing overbought. Perhaps this should be a candidate to buy on dips.
Friday, March 27, 2009
Will WMT close the gap? (March 27, 2009)
WMT has an interesting setup and I think at some point in time....this stock will hit 55.
Fundamentally this stock has nearly complete monopoly in the retail sector for daily consumer goods. So I don't see why WMT will not go higher.
On the technical side, RSI is showing overbought. Perhaps this should be a candidate to buy on dips.
Fundamentally this stock has nearly complete monopoly in the retail sector for daily consumer goods. So I don't see why WMT will not go higher.
On the technical side, RSI is showing overbought. Perhaps this should be a candidate to buy on dips.
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