The breakout of Wal-Mart Stores through the 156.18 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Wal-Mart Stores could test 154.10 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 156.18 numerous times, Wal-Mart Stores has finally broken through. Can we expect a bearish trend to follow?
