Raymond James Upgrade Fails To End Wal-Mart's Skid

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

Wal-Mart Stores

shares are unchanged at $73.06 in Monday's session. It is attempting to end a six-month slide that started in January, when it made its all time high at $90.97. Raymond James seems to be convinced a bottom may be in soon as they upgraded the issue to a Strong Buy. This moves as the past seven moves by analyst has been downgrades and or lowering of its price target. The upgraded instigated a higher open, but that was it. Shorty after the open, it peaked at $73.49 and has now given back all of its gains for the day. In fact, it has come back to the low for the move that made on Friday ($72.98). so far reaching $73.01. This area marks the lowest level for the issue since it bottomed a $72,61 in October 2014 before it embarked on its run to it all time high.