at what price one should enter into wallmart stock?
at what price i should buywmt?
Answers
176 points
JPL answered one month ago …
Hi, bsrao,
I like easy questions. Thanks for asking.
My ( not my own, but subscribed ) newsletter recommended buying up to $51.00, as that would be a safe price to buy.
It closed today at $49.23. If you want to buy and hold, which in the long run you’ll do OK, then this is not a bad entry point. However, you can do better by waiting.
Looking at the technicals, you might want to wait a bit until it starts going up, then buy. The stock is trending down, MACD is negative, and stochastic is oversold, and volume is slightly increasing. I.e. Looks like it might go down further.
Hope the above helps.
JPL
9/29/2009
426 points
MONEYTREE answered one month ago …
Hey, it just broke below its 50 and 200 day moving averages the same day and its probably going lower. It has traded in a range from $52.00 to $48.00 the last 6 months . I would buy some in the $46.00 to $48.00 range. I might also say i would watch out for the 200 day moving average on the way back up because it could be resistance and if that happens sell it so you dont get caught but thats short term stuff if you are long term just buy now and go play some dang golf LOL.......... but no matter what buy any where in the $40 dollar range would be a great buy for a longer term hold, remember this stocks all time high is $70.00 so don't expect to much take profit.. Good luck to you (bsrao)
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