Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $141.00 short put and a strike $136.00 long put offers a potential 31.93% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $141.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $136.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Wal-Mart is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Wal-Mart is bullish.
The RSI indicator is at 61.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
PRESS DIGEST-British Business – Sept. 7
Mon, 07 Sep 2020 00:19:47 +0000
The following are the top stories on the business pages of British newspapers. – The Confederation of British Industry (CBI) is calling on ministers to create a state-backed infrastructure bank to channel private sector cash into transport, broadband, housing and green energy projects. – Visa Inc is being investigated by the European Commission over its rules on electronic money providers, after allegations that the giant payments group has behaved in an anti-competitive way.
RPT-INSIGHT-TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming
Sun, 06 Sep 2020 23:00:00 +0000
ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are testing the boundaries with Beijing. A year ago, ByteDance was approached by the Chinese government with offers of help when TikTok, a short-video app with a huge following among young people globally, faced political heat in India, a source familiar with the situation told Reuters.
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