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Adding Walmart (WMT) to the Watchlist

We’ve discussed a trade or position in Walmart (WMT) at length over the past few weeks, as the stock faded from the 100 (+/-) zone. We are adding the stock to the watchlist for several reasons.

Walmart (WMT) Relative Strength

The current bullish thrust occurred as the markets exhibited weakness. Volume was above average as the stock pushed through the 20/50d moving averages and MACD illustrates how bulls have regained the momentum. The latter is now above its signal line and rising as Bollinger Bands begin expanding. RS line is climbing fast (83).


Walmart WMT


A break above 97.50 (+/-) has been our focus for the past six weeks. Once price moves above this zone there is a lack of supply to hinder further price appreciation.

With earnings scheduled for November 15, we will consider a trade on Walmart into earnings, exiting just before the company reports.

Walmart (WMT) earnings and sales topped estimates, with U.S. same-store sales rising the most in 10 years. The discount retail giant also reported faster e-commerce growth, despite AMZN competition and raised full-year guidance. Walmart (WMT) stock gapped higher.

Walmart Earnings – Previous Quarterly Results

August 16: Walmart (WMT) reported a 46% beat versus analysts estimates last quarter. $1.58 vs. $1.08 est. according to Investors Business Daily. Revenue rose more than 2% to $125.643 billion. Same-store sales at both Walmart and Sam’s Club increased 2.2% during the same period according to Consensus Metrix.

Walmart (WMT) earnings came in at $1.29 a share in the previous quarter. Revenue grew 3.8% to $128.03 billion. U.S. same-store sales were the strongest in 10 years, climbing 4.5%. Online sales reportedly increased as well, up 40%.

Walmart (WMT) raised guidance to $4.90-$5.05 vs. estimates of $4.79.

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