Walmart Inc (WMT) Heads Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Walmart Inc Daily Price Recap

Walmart Inc closed yesterday down 0.87% ($1.04); this denotes the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 0.44% from the day before — and down 3.26% from the same day the week before. Below is a daily price chart of Walmart Inc.

Walmart Inc Technical Analysis

Coming into today Walmart Inc is now close to its 100 and 200 day averages, located at 119.92 and 119.08 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 11 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to WMT:

    $WMT

    “Expanding its third-party marketplace by bringing in Shopify's merchants is a smarter strategy. It will not only expand Walmart's reach, but could also improve the overall quality of its third-party offerings with established domestic and local merchants — as opposed to unvetted foreign merchants from countries like China”

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