1
Walmart’s stock price is currently trading at $156.41 with a drop of 1.68%, showcasing bearish pressure on the daily chart.
2
WMT stock price has witnessed sharp profit booking.
Walmart stock price halted near the value of $165.81, breaking below the 50 and 100-day exponential moving averages. WMT stock is witnessing a sharp correction below the key moving averages. However, short sellers were trapped during the previous session as it took a reversal from the 200-day EMA by making a long wick.
The WMT stock price is open at the price of $158.65 with a high of $158.99 and a low of $151.65. Additionally, the price closed at the price of $156.41; trading volume was 14.205 Million.
Moreover, Walmart stock (NYSE: WMT) is still trading in the bullish zone above the 200-day moving average showing it could continue bullish momentum.
The price action suggests that the stock is ready for significant upward movement despite mild bearishness. Buyers are working
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