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Walmart's Charts Have a Lot in Store

1
TheStreet.com
·2 min read
Walmart's Charts Have a Lot in Store

I have seen several articles in business publications on the consumer trading down in their product sourcing, because of inflation. Two interesting observations about the sideways trend in price: one is that trading volume does not contract and the second is that the On-Balance-Volume (OBV) line continues to rise the past twelve months. In this daily Point and Figure chart of WMT, below, I can see that the software is projecting an upside price target in the $191 area.

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