Walmart Inc #WMT american stock is providing new buy opportunities as it broke all time highs around $105 a few weeks ago created a strong weekly demand level around $103 per share. The long time supply and demand technical analysis for Walmart Inc is bullish, no reason at all to sell this stock or get rid of it if you are already long from lower using other trading strategies.
As trend traders we should only be thinking of buying Walmart stock since it has a clear uptrend and bullish bias. There are two possible outcomes for a trade, either you win or you lose. Both outcomes are fine, because your success as a trader is not measured by the result of a single trade, it should be measured over the success over a huge sample of valid trades over a long period of time.
We do not follow earnings or fundamentals on our stock analysis, but earnings is usually a catalyst, it helps price to move. If you are a trader that does follow fundamentals then Walmart Inc. is expected to report earnings on 08/15/2019 before market open. The report will be for the fiscal Quarter ending Jul 2019. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.21. The reported EPS for the same quarter last year was $1.29.
As trend traders we should only be thinking of buying Walmart stock since it has a clear uptrend and bullish bias. There are two possible outcomes for a trade, either you win or you lose. Both outcomes are fine, because your success as a trader is not measured by the result of a single trade, it should be measured over the success over a huge sample of valid trades over a long period of time.
We do not follow earnings or fundamentals on our stock analysis, but earnings is usually a catalyst, it helps price to move. If you are a trader that does follow fundamentals then Walmart Inc. is expected to report earnings on 08/15/2019 before market open. The report will be for the fiscal Quarter ending Jul 2019. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.21. The reported EPS for the same quarter last year was $1.29.