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Actionable news in WMT: WAL-MART STORES Inc,

Wal-Mart Stock Is About to Crash, This 1 Chart Shows

Now that Wal-Mart Stores (WMT) , the company behind the Walmart retail empire, has announced earnings, let's look to technical analysis to come up with an objective approach for trading the stock. Forget whether the earnings were "good" or "bad," and tune out the emotional reactions of media pundits.

Below is the long-term view of the price action of this company's stock price in the form of a monthly bar chart. The most relevant part of it is the price action since the stock's low in 2007. This is where its last significant low occurred, which marked the correction off the peak in the year 2000. Read...