Stock Of The Day: Will Walmart's Breakout Fuel A New Uptrend?
Walmart(WMT) Benzinga·2024-09-11 00:07
Shares of Walmart Inc. WMT look like they may be about to move higher. The stock appears to be breaking out.Breakouts tend to be a positive development in financial markets. This is why our team of trading experts has made Walmart our Stock of the Day.Resistance is a large concentration of investors and traders who are trying to sell their shares at, or close to, the same price. When a stock moves higher and reaches a resistance level, the rally tends to end or pause. As you can see on the chart, there has ...