14-Oct-15 10:41 ET
Wal-Mart – – Volume Alert (63.75 -2.92)
Heavy volume as price dives -4.5 points off its morning high, bringing its Aug/Sept lows in play around the $62/63-area.
14-Oct-15 10:32 ET
Wal-Mart trades lower on CFO comments on FY16 outlook with net sales relatively flat (current estimates are for +0.2% growth) (65.91 -0.57)
Total net sales in 2016 excluding FX would be +3%
Courtesy of Briefing.com
Buys WMT 58.66. Support is at 58.48 with another level at 57.38.
With past annual earnings of 4.87 a 15 P/E values WMT at 73.05. As a market leader there are many folks in here (investors) who will stick with the company no matter the news.
I do have a stop order in at at 58.44 and will re-enter at 57.50/65 if it gets there.