Walmart Stores (WMT) PriceWatch Alert With Support Around $58.35
Posted on September 08, 2008 at 04:07 AM EDT
Walmart Stores (NYSE: WMT) ended the last trading session at $60.74. 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 58.35 and resistance in the 62.07 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 57.50 covered call (WMT LY) for a net debit in the $55.19 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 9.14% downside protection and a 4.19% assigned ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)