Don't Ignore This Chart!

Wal-Mart Moves into Narrow Range as Black Friday Hits

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Wal-Mart (WMT) remains in an uptrend overall, but may be poised for a correction as Black Friday comes and goes. The stock declined sharply in mid November and then consolidated the last 6-7 days. Watch for a break from this consolidation to trigger the next signal.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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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