Walmart Stock Price Levels to Watch After Post-Earnings Surge to Record High
Key Takeaways
- Walmart shares were slightly higher Wednesday morning after hitting a new record high yesterday following a strong earnings report from the retail giant.
- The stock formed a shooting star on Tuesday, a reversal candlestick pattern that appears after an extended uptrend. The pattern formed on the highest daily volume since late September, possibly indicating buying exhaustion.
- Investors should watch major support levels on Walmart’s chart around $81, $71, and $61.
- A bars pattern projects a price target in the stock of around $89 and indicates the shares may be about to enter a consolidation phase.
Walmart (WMT) shares were slightly higher Wednesday morning after hitting a new record high yesterday following a strong earnings…
