Walmart Inc Daily Price Recap
The choppiness in the recent daily price action of Walmart Inc continues; to start today, it came in at a price of 129.44 US dollars, up 0.71% ($0.91) since the previous day. This move happened on lower volume, as yesterday’s volume was down 39.83% from the day before — and down 22.64% from the same day the week before. Below is a daily price chart of Walmart Inc.
Walmart Inc Technical Analysis
Volatility for Walmart Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Walmart Inc’s price has gone down 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to WMT:
$WMT with their partnership with $COF and the Covid-19 lockdown, Walmart got the perfect storm in their favor to finally have someone rise alongside $AMZN as an online competitor. 5% discount if you use their website with their Walmart branded Capital One card.
They are a div aristocrat, so you won't see $2000 here. But I could easily see Walmart jumping into the $200s with the potential of getting your shares doubled in a split down the road.
I think the ER for the next two quarters are going to blow everyone out of the water and $AMZN is going to start sweating.
Easy returns. Physical locations. No bad press for a change. Buckle up. I've been pushing $WMT since $87. Recession proof div aristocrat with online market growth potential. When one stock is overpriced, what do you do? Invest in the competition.