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Actionable news in WMT: WAL-MART STORES Inc,

Walmart Shares Will Move Higher Soon, Technical Charts Show

Forget about Walmart's (WMT - Get Report) awful news last week and the ensuing selloff in shares of the retailer. Now is the time to buy this stock, detailed technical analysis shows.

On Sept. 2, the decision support engine flashed a warning that it was time for investors who had sold short this stock to protect their short positions. The stock had fallen from its highs near $90 earlier this year to less than $65. The warning predict that the shares would move higher soon but also said "a quick dip below $61 can't be ruled out."

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Last week, the stock's price sliced down through $61, and the decision support engine is now reiterating its warning that selling actions are not...


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