Tuesday, April 22, 2008

Wal*Mart Breakout #2?

Looks to me that Wal*Mart has broken out of a four-year trading range - see the chart link.

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However, with the Dow and S&P clearly locked in a trading range it isn't obvious to me that WMT can make a move above long time techical resistance at $60. (There is minor technical resistance at $58).

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