No. of Recommendations: 1
Yeah, it's a boring name, but let's look at some positives here which lead me to be ready to hit this as a not very risky swing trade:

http://schrts.co/BSTwFX


1. Recent MACD bullish crossover

2. A rise from today's close of 84.51 to a recent high of 108.64 would be a 28.55% gain. So if I can pull down a 10 to 15% trade on 10 to 20 grand capital invested in 30 trading days, I'm down with that.

3. For longer term swing investors, keep in mind this is the last month of school. Backtesting on Walmart for the past 5 years (my longest backtesting for seasonality for swing trades) I find that Walmart has risen in the months of September and November for the past 5 years, 100% of the time.

4. Back on the last earnings date, May 17th, earnings were 1.14 per share and the 12 analysts combined had a 1.12 estimate. Small beat of 1.79% and yet WMT is down from the close on that big red candlestick day.

5. Also, on May 17th, the long red candlestick's high pierced the down trendline but fell back below it. Any close in near future above that down trendline followed by another one or two days above it would be very bullish.

6. You will also notice on the chart a very large gap from the earnings call back in mid-February, a drop from 100.74 to 96.75. So, the 96.75 is my target area to sell if I buy WMT in the 84 to 86 range. For others with longer term horizons, you might hold while Walmart probably fills that gap before September.

7. Retail sector has been hammered after Christmas. Many of the issues in that sector are now bottoming at the same time. Walmart is King of Retail.

8. Don't forget the $2.04 annual dividend which is a little extra for those going long.
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