Wal-Mart Same Store Sales Fall, Stock Slips
Posted on Mon 27th Nov, 2006 03:07:56 PM
Wal-Mart (WMT) posted a decrease in same store sales today, something that hasn’t been seen in 10 years by the retail giant. The stock is down close to 3% as of 3:04 PM on volume of jsut over 18.5 million shares. The major point to note today is that the stock has traded through 200 MA support, and is looking like it may close below this major support line. With this broken, look for Wal-mart to get support at $46.
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