DailyPlay for Thursday September 10th, 2015 – Wal-Mart Stores Inc. (WMT)
The bearish DailyPlay we chose for Thursday September 10th is Wal-Mart Stores Inc. (WMT). WMT is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 5.32% move lower as both trends remain bearish.
Wal-Mart Stores Inc. has been in a strong bearish trend since the beginning of April as it continues to show negative momentum. WMT is testing its $65 support level. Watch for a break below this level for continuing moves lower.