Chart of the Day: WMT

Walmart (WMT) shares hit an all-time high this week following a breakout over the last 5 days. Rachel Dashiell examines the "flag pattern" flying above the old resistance level around $103-$104. Zooming out to the 1-year chart, she shows how that $103-$104 level was previously tested at multiple times. Looking at the overall formation, Rachel notes a "cup and handle" formation taking shape and notes the stock's relative outperformance versus the overall consumer staples sector.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Fler avsnitt av Schwab Network