- Walmart beats on earnings estimates.
- Technically: price gapped up to begin to close the gap that was create with the profit miss on Earnings in May (Gap started at $147)
- Analysts price targets sit around $145 (median).
- Price got to a high of $140 today.
- From what many are calling a potential bottom for WMT, the stock is up 19%~
GSK technically at Jan 1992 Support/Resistance level.
On news of the Zantac issue.
This presents what could be a descending triangle pattern.
Will they be able to walk away from this horrible situation (for those that have consumed the original Zantac there are no words to describe)?
With CPI print for July reported this morning.
The S&P has responded with a push higher breaching the previous resistance with a high for the day at 412.
There is a 50% fib level just above this high to clear.
After almost 2 years of sideways trading we have a break lower.
See potential levels of support unless we see a massive swing today/tomorrow holding support at the 50% retracement ($20.83).