Walmart Stores (WMT) PriceWatch Alert for August 29, 2008
Posted on August 29, 2008 at 04:07 AM EDT
Walmart Stores (NYSE: WMT) closed yesterday at $59.88. 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 58.63 and resistance in the 60.67 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 an Oct '08 57.50 covered call (WMT JY) for a net debit in the $56.23 area. That is also the break even stock price for this trade. This covered call has a 50 day duration, provides 6.10% downside protection and a 2.26% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)