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WMT Reacts Positively to Better Than Expected Quarterly Earnings

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Wal-Mart Stores Inc. (WMT) has surged post-EPS this morning, to challenge multi-week resistance at 58.80-59.50, which if hurdled and sustained, will trigger upside potential to 62.00-63.00. At this juncture, a failure to "break out," followed by a decline that breaks 57.70 will compromise the upside potential implied by the developing base formation.

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