Bullish DailyPlay for Wednesday February 17th, 2016 – Walmart (WMT)

The bullish DailyPlay we chose for Wednesday February 17th is Walmart (WMT). WMT is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.85% move higher and it’s 1m and 6m trends turned bullish today while breaking above its $50 minor resistance level.

Walmart’s 1m and 6m trends turned bullish on 1/26 and recently bounced higher off its $65 resistance level on high volume. With a technical score of 8 (out of 10), WMT looks positioned to continue this strong bullish trend higher.

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