Tuesday, April 22, 2008

Wal*Mart Breakout #2?

Wal*Mart is now trading at levels last seen in 2004.

Despite today's sell-off, Wal*Mart traded up a few more cents. My <"....">chart shows the latest technicals on a weekly chart. Next resistance at $58 and $60. However, with the broader indexes clearly now rangebound, it isn't clear that WMT can make much more of a move.

As always with any stock pick, do your own diligence

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