Don't Ignore This Chart!

Wal-Mart Shows Relative Weakness

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Wal-Mart (WMT), which is the biggest component in RTH, is leading the way lower with a break below its 50-day moving average on Monday. Notice that WMT peaked at the 200-day moving average on 2-April and did not follow the broader market higher over the last two weeks. The king of retail is showing relative weakness.

090420wmt

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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