Shares of retailer Wal-Mart Stores, Inc. (WMT) rallied big Thursday following a mixed third-quarter earnings report. From a technical perspective, WMT stock staged a major breakout move that looks promising for the longer-term and also helped push the Dow Jones Industrial Average to fresh all-time highs.
In the near-term however I would caution buying Walmart stock here … and active traders and investors could even consider the short side after a confirmed bearish reversal marks the chart.
Read my full analysis here: http://investorplace.com/2014/11/wal-mart-stores-inc-wmt-stock-charts/#.VGZPxcly2SE