Is Walmart Stock (WMT) Ready to Move Higher Again?

Steve Miller
walmart wmt stock research investing bullish higher outlook august

Walmart NYSE: WMT Stock Weekly Chart 

Let’s take a look at Walmart’s stock price (and chart), which rallied last week to nearly $113.

The company reported earnings per share of $1.27 and total revenue of $130.4 billion, above analyst estimates of $1.22 and $130.1 billion.

Based on its market cycles, our view is that WMT is in the rising phase of its current cycle.

We think there is potential in the intermediate term for the stock to rise to new highs in the coming weeks. 

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