Stock Of The Day: Is Walmart Ready To Rebound?
Trading in Walmart Inc. (NYSE:WMT) is quiet on Thursday. The stock is consolidating after trending lower over the past two weeks. But that may be about to change.It is oversold and approaching support. These dynamics could set the stage for a reversal and rally. This is why Walmart is our Stock of the Day.‘Oversold' refers to a stock's momentum. If it has been aggressively sold and is below its typical range, it is oversold.This is important because many trading strategies and styles are built on the concep ...