Walmart Inc (WMT) Up 1.53%; Crosses 20 and 100 Day Moving Averages

Walmart Inc 4 Hour Price Update

Updated June 23, 2020 04:37 PM GMT (12:37 PM EST)

The price of WMT rose $0.55 (0.45%) over the past four hours. For context, Walmart Inc’s peers in the in the Retail industry are down -0.68% on average in this time, while the broader Consumer Defensive sector is up by an average of 0.64%.

Walmart Inc Daily Price Recap

Walmart Inc came into today up 1.53% ($1.83) from the open of the previous day, marking the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 32.05% from the day before — and down 20.24% from the same day the week before. Below is a daily price chart of Walmart Inc.

Walmart Inc Technical Analysis

Notably, Walmart Inc crossed above its 20 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Walmart Inc’s price has gone down 18 of the previous 30 trading days.

Overheard Around the Web

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

    $COST if this gets past resistance over $306 – it will go past $310.

    I still see a PT $330 in Aug – maybe earlier after they announce monthly figures.

    $TGT – nice move last several days – sold all my calls

    $WMT – also starting to move – Costco follows?

    Tenuredtrader