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WMT Chart

 
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arthur
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PostPosted: Mon Sep 05, 2005 9:09 am    Post subject: WMT Chart Reply with quote
The WMT five-year weekly chart shows the lowest 40 week MA in 4 1/2 years, an oversold oscillator (ULT), and the stochastics in a steep decline, to a very low level. However, a bearish engulfing was created Fri (although on low volume without confirmation). So, if WMT pulls-back Mon, that may be an opportunity to buy long-term calls. Also, WMT may bounce to 47 1/2 within the next two weeks.

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