Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 7.18% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $9.33 would be incurred if the stock dropped below the $110.00 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 73.06 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Wal-Mart
Comcast's Fandango To Buy Walmart's Video-On-Demand Subsidiary Vudu
Tue, 21 Apr 2020 02:36:30 +0000
Comcast Corporation (NASDAQ: CMCSA) subsidiary Fandango has entered into an agreement to acquire video-on-demand service Vudu, the latter said in a statement on Monday.What HappenedVudu, a subsidiary of retailer Walmart Inc. (NYSE: WMT), said it will continue to operate as an independent platform even after the acquisition, and its movie and television show library won't see any immediate change.The two companies didn't disclose the terms of the deal, including the valuation at which Vudu was purchased.The movie ticketing company Fandango also runs a streaming platform similar to Vudu called FandangoNow. According to Vudu, "there will be no immediate changes to either service."See Also: Comcast's Peacock Takes Well-Timed FlightWhy It's ImportantBoth FandangoNow and Vudu trail significantly behind market leaders Netflix Inc. (NASDAQ: NFLX), Amazon.com Inc.'s (NASDAQ: AMZN) Prime Video and Hulu, in terms of viewership.The acquisition comes at a time when the novel coronavirus (COVID-19) pandemic has increased the demand for at-home entertainment services.Comcast subsidiary NBCUniversal's other video-on-demand service, Peacock, launched in a limited manner last week.Price ActionComcast shares closed 2.3% lower in the regular session at $37.21.Walmart stock closed 1.7% lower at $129.85 per share in the day.See more from Benzinga * TikTok Donates M To Schwarzenegger's Charity To Help Children Affected By Coronavirus Outbreak * Walmart To Hire 150,000 Workers To Meet Increased Demand Due To Pandemic, Promises To Pay 0M In Bonuses * NBCUniversal Releases Movies On-Demand Same Time As Theaters Due To Coronavirus(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dow Jones Stocks To Buy And Watch In April 2020; Microsoft In Buy Range After Breakout
Mon, 20 Apr 2020 22:20:33 +0000
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in April 2020.
Fandago to buy Walmart’s streaming service Vudu
Mon, 20 Apr 2020 21:07:54 +0000
Movie ticketing company Fandango has agreed to buy Walmart Inc.’s on-demand video streaming service, Vudu, as the retail giant exits a business already crowded competitors.
Neiman Marcus is likely just the start: Analysts expect 100,000 stores to close by 2025
Mon, 20 Apr 2020 20:32:00 +0000
UBS analysts think permanent store closures will jump as the coronavirus pandemic speeds e-commerce adoption.
Walmart Just Sold Off Its Answer To Netflix, Amazon Video
Mon, 20 Apr 2020 20:14:13 +0000
Walmart stock slipped on the stock market after it disclosed that it is selling its streaming asset to a Comcast subsidiary for an undisclosed sum.
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