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Retailers strong earnings and Black Friday record sales. And the winner is...



Today we cover Walmart (WMT). 

Two weeks ago (11/15), Walmart reported better-than-expected earnings sending the price up 7%. In addition the company announced a new $20B share buyback. 

On that day, WMT stock price printed a bullish kicker, one of the strongest reversal candlestick patterns, starting the beginning of the price surge. 

During Black Friday, online sales reached a new record hugely benefiting the two major US retailers: Walmart and Amazon. 

WMT stock price is now testing some resistance levels. Where will it go from here? 

Watch this video to get the technicals and what to expect moving forward. 

Good Trading!


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