WMT (Walmart) Stock Chart

Here is a stock chart request from our reader Joanie. Remember it is only $5 for a chart read. Click here to request a custom made stock chart.

This is probably one of the best stocks to own for a long term portfolio.Its P/E is pretty low and has good valuation.  The stock chart looks good overall. The stock chart is saying to take some profits here. As you can see, it is right around resistance. It has tested it about 4 times so far. The more it is tested the more chances are it will break. There was a nice golden cross back in November which would have been a good time to get in. This stock chart does not like to be overbought. It has test the RSI at 70 many times and each time it test it, the stock drops a little as seen by the circles and the straight lines. So it would not surprise me if the stock comes down to the high $50s in the next few weeks. If the stocks starts to trade above the resistance on healthy volume then we may not see the $50 for a long time and the stock may break out of its base and go up from there. I would take some profits here.