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Walmart stock price reached its 52-week high with over 19% price rise in a year.
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The company has recently reported its Q2 earnings report after which bullishness was seen.
Walmart (WMT) stock price was showing an upside market trend that supported its price to reach $162.99, its 52-week high. With an upside trend, Walmart’s stock price traveled above its 20-day EMA. However, the stock price started its journey this week with over 0.64% price decline.
Will Walmart Stock Stay Up From its 20-day EMA?
After the recent quarter report, active bulls have shown their market dominance during intraday trading sessions. After the recent quarter, Walmart’s stock price rose upwards from its 50-day EMA. While still keeping its upside journey above its 20-day EMA. However, on this Monday, September 3, 2023, WMT stock showed increased bearish activity.
Source: WMT/USD by TradingView
As the above chart shows, the RSI of WMT stock price also started its rising
We współpracy z: https://www.thecoinrepublic.com/2023/09/04/walmart-stock-wmt-stock-marked-52-week-high-after-earnings/
