The flat for Walmart

27 January 2022 140
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Since the end of August 2020, Walmart has been trading in the range of 135.50 – 146.50 periodically bouncing out of it but still returning.

Yesterday, the stock price again reached the lower boundary of the range touching it.

The DeMarker indicator entered the oversold zone signaling a possible end of the decline and resumption of growth of stocks.

In relation to fundamental factors, three quarters in a row, the company’s profits exceed predictions, which is encouraging. Plus, Walmart actively restructures its business investing billions in the e-commerce sphere.

All mentioned above agues in favor of resumption of the Walmart growth to the upper boundary of the range. 

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