Walmart Stores (WMT) PriceWatch Alert Bullish Price Movement
Posted on August 15, 2008 at 04:07 AM EDT
Walmart Stores (NYSE: WMT) closed yesterday at $58.10. So far the stock has hit a 52-week low of $42.09 and 52-week high of $61.00. Walmart Stores stock has been showing support around 55.95 and resistance in the 59.97 range. Technical indicators for the stock are Bullish and S&P gives WMT a positive 4 STAR (out of 5) buy rating. WMT appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '08 55 covered call (WMT LK) for a net debit in the $52.25 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 10.07% downside protection and a 5.26% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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