Wall-Mart Sharply Higher On No News

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Wal-Mart Stores
WMT
shares are trading higher by $1.30 at $68.25 in Monday's session. It has now roughly $4 higher than it was when it lost nearly $2 following its disappointing Q4 report on February 18. Off the open, it bottomed $0.02 above Friday's close ($66.95), only reaching $66.97 before turning higher. So far, its has reached $68.26 and is now trading at that level. If the rally continues, the next daily resistance level does not in until Thursday's high ($68.92).
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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