Buy Wal-Mart (WMT) on declines

By Craig Jones
Benzinga Staff Writer
September 29, 2009 9:49 AM

Symbols: WMT

Posted in: Long Ideas, Initiation, Technicals, Trading Ideas

Wal-Mart Stores Inc. (NYSE: WMT) stock has corrected sharply from the recent highs of $53. One should be looking at entering WMT near its support levels of $48.5. However, if the WMT stock doesn’t find support at $48.5 levels, it might find fresh support at $46 levels.

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