Friday, March 02, 2018 12:45:06 PM
Shares of Walmart Inc (NYSE:WMT) opened lower on Friday, tagging the daily 200 moving average. With the stock down from a January high of $109.98 to its 87.24 (the daily 200 moving average), this is an obvious swing trade bounce play. The stock should snap back quickly to as high as $95.00 in the coming weeks. The stock is in extreme oversold territory. I grabbed some calls today when the stock was trading around $87.50.
Gareth Soloway
InTheMoneyStocks
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