WMT Technical AnalysisDaily price chart of Walmart showing shares attempting a rebound to $107.44, below the 50-day EMA at $109.89 and the 200-day EMA at $113.67. Source: TradingView The pre-market for Walmart is somewhat positive, and it does look like the market is trying to turn things around after a pretty ugly drop right around earnings a couple of weeks ago. Ultimately, this is a theme in the sector. There were some concerns about rising interest rates and damage to the consumer in America. But I can assure you, as somebody who lives in America, people have not stopped buying. Therefore, value hunters have stepped into Walmart to perhaps try to take advantage of its massive consumer base.
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