What’s Next for Walmart Stock After Recent Slide? Monitor These Key Levels.
Key Takeaways
- Walmart shares fell Friday after recording their largest one-day loss in more than a year yesterday following the release of a disappointing outlook from the retail giant.
- The stock recently ran into selling pressure near the upper trendline of an ascending channel, with selling accelerating after the retailer’s earnings report and guidance.
- Investors should monitor crucial support levels near $90, $86, and $81, while also watching a key overhead area near $105.
Walmart (WMT) shares fell Friday after recording their largest one-day loss in more than a year yesterday following the release of a disappointing outlook from the retail giant.
The company, which typically issues conservative guidance, kept to form, saying…
