Walmart Inc (WMT) Down 0.52%, Breaks Below 200 Day Average; in a Downtrend Over Past 14 Days

Walmart Inc Daily Price Recap

119.03 was the closing price of the day for Walmart Inc, resulting in today being one in which price moved down 0.52% ($0.62) from yesterday. This move happened on lower volume, as yesterday’s volume was down 19.96% from the day before — and down 28.89% from the same day the week before. Here is a daily price chart of Walmart Inc.

Walmart Inc Technical Analysis

First things first: Walmart Inc crossed below its 200 day moving average yesterday. 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. Or to view things another way, note that out of the past 14 days Walmart Inc’s price has gone down 10 them.

Overheard Around the Web

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

    $WMT MM’s are simply controlling options & trying to steal SH’s. Just relax. Look once or twice a week tops on this one. Add when possible. This is definitely long and safe. Shopify partnership will increase online traffic and Walmart gets a cut in all purchases/clients that use the service. Also they are leading the way/adapting to future Post Covid new norms. Recent Pharmacy tech news too.