taking a look here at Walmart today for a possible swing looking at this chart
and kind of what the news is what's going on with Walmart and kind of my
overall plan talking about it in this video so stay tuned what's going on guys
today we're taking a look at Walmart do me one big favor though do me one big
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haven't already and also if you have any ideas for stocks that we should take a
look at for stocks that could be great swing trades for 2018 kind of long term
holds leave a comment below let me know what stocks you're really bullish on it
let's get a conversation going here and kind of bounce some ideas around maybe
I'll pick your stock to look at and do a video about soon so leave a comment
below to get into it talking about Walmart and what I'm looking at why I
think Walmart has potential at this point and kind of where I might be
buying at and then kind of my overall plan for this swing trade this might be
kind of a longer swing trade it's gonna be you know two three months at tops
maybe a little bit less we'll see kind of what happens with the overall market
recently but I am expecting some type of action here on Walmart for that swing
trade for a possible reversal at this point I'm gonna kind of break down the
chart here and then my thesis and idea on why I think Walmart has potential so
you can see a trend here for Walmart in 2017 rallying from 66 dollars up there
above 100 I think the high was around around $100 right there at the end of
2017 and now 2018 it did have a nice little spike up there at $110 area but
ever since then it's been pulling back they had earnings they didn't really
miss that badly but there was kind of some bad numbers there the market didn't
like the earnings kind of the news and that's just part of it sometimes you
know these companies even if the earnings are good even if they have a
good er there might be some bad information some bad news in there and
they kind of overall sector you know what's going on retail what's going on
with the kind of grocery stores you got Amazon pushing hard with Whole Foods you
got a lot of stuff just happening in that sector but I do think Walmart will
be one of those main competitors for Amazon if anybody can do it
I think Walmart is that companies I don't see Amazon just totally taking
over and just having no competition kind of grocery stores I really think it'll
be someone like Walmart who's gonna be able to compete on a price level on a
size level and then kind of just competitively be
in the market space so Walmart already has all the stores around the country
there's stores in every major city every small town there's a Walmart there's a
lot of stuff that Walmart has going for it but the stock price is not really
reflecting that right now so kind of looking here so kind of looking here at
the chart you can see the $110 spike up there in beginning legacy so looking
here at the chart $110 hi back there in February all off
everywhere it's been pulling back Walmart has been getting crushed really
pulled back from $110 area it's down 20% around there to the $87 area I do like
the idea of buying Walmart at this area for a couple of different reasons you
can see previously back there October November there was a nice support there
at the $86 $87 area so that's showing me that there is some support we did just
break below the 200-day moving average but we are kind of bouncing off of this
bottom there is this downward trend it's clearly moving down and after this ER
here like I said to ER in February and then beginning of March now kind of the
market just kind of doing weird things but I like this area to buy down 20%
since the all-time high which makes it a good buy if I'm looking to hold this
kind of long-term with the idea that Walmart could possibly get back up to
$110 area or higher by the end of 2018 I'm not sure I want to hold it that long
but I am kind of hoping for a little bit more of a pullback I would like to see
this $85 area and kind of this 85 $86 area would be nice on Walmart so looking
really quickly here as some of the analysts kind of ratings and then some
of the target stock price here it's looking pretty good so you got a lot of
analysts with buyer ratings you got analysts with hold ratings a little
overweight but nobody has a sell rating right now so overall that's a good sign
obviously you know people can always change those ratings but it is good to
see that these analysts aren't changing a lot of these big cap stocks do move
when you have ratings changes now if you look at the stock price targets this is
analysts saying kind of what they think the price of Walmart should be looking
at the stock price target you can see on the high side 126 dollars on the median
side 105 dollars and then kind of low side would be 72 dollars
right now we're at 87 dollars but the average is around 104 dollars so being
there at 87 dollars it gives us some good upside looking at this like hey you
know we are kind of in a nice spot obviously there's a little bit of a low
side there but I think that's probably like one rating most of the ratings are
there around $100 and that's kind of what I like to see here that we aren't
buying here at the top that all the ratings aren't like $100 and then
Walmart's at 110 or you know right at $99 so it's like right there at that
rating but I'm kind of seeing Walmart with the possibility that this could get
back up there to that hundred dollar one hundred and ten dollar area all-time
high and then we'll see kind of what happens with the overall market so you
can see really on this overall trend Walmart has been trending lower Leonard
lower paying as he recently you know kind of balancing off this trend line
this 90 dollar area pulling back down to 87 we got some support there at the 87
24 I think if we break below 87 24 we might get down there to the $85 area
which was that previous support before back in October I would love to buy at
$85 I'm gonna be keeping an eye here you know if Walmart can pull back if it
keeps holding this support we might have a chance to sponsor rally but overall
it's looking at this trend you can see how it's been you know kind of waving
hitting this trend line pulling back hitting the trend line pulling back we
might have a couple more days of pullback here and then we get down there
to the $85 area and it kind of load the boat on Walmart for a long-term hold
like I said I'm looking to hold this one for the next couple weeks months on that
end with the idea that Walmart could possibly get back up there to the
all-time highs by the end of 2018 so basically my plan would be to buy here
at the $85 area and then look kind of to take profit there at the hundred dollar
area and then maybe a little bit you know hold a little bit for that possible
all-time high we'll see how kind of the overall markets working we'll see kind
of the news we'll see what the news is for Walmart but right now this is what
I'm gonna keep an eye on Walmart for a possible kind of long-term swing
investing at this point it's down 20% since all-time high that's kind of
signaling to me that there is a chance that Walmart might kind of bounce back
on I'm buying it discounted I'm not buying it all-time highest I'm not
trying to load the boat when it's at $110 I'm looking to buy now that we
found some support there and you know I can see okay there's support $85 area
explode five dollars maybe gets back down here
the $78 area so it's not a massive downside obviously I don't really want
to hold it till it hits $78 and I'll be kind of keeping an eye if if it does
break through $85 I might kind of wait and see if they can pull back down there
to the $78 here you it might not be fun it might not be crazy it might not be
100% mover but I'm expecting some type of upside here in 2018 kind of similar
to the move that Walmart had in 2017 you can see 2017 went from $66 pretty much
100% move in 2017 for Walmart it has some nice drops along the way but
overall I did trend higher did trend higher but overall Walmart did end up
much higher by the end of 2017 and that's what I'm hoping I can find a dip
here buy the dip and sell the rip later on and that's kind of my goal here I
like that the analysts have set prices much higher than where it is right now I
like that the analysts have set prices much higher than it currently is that I
like that you know there's no sell ratings everyone's kind of bullish on
this stock at least in the sense that they're saying hold hold hold
buying here at a 20% discount could be a great play looking to buy Walmart
they're at the 85 86 87 dollar area so that kind of range right here and I can
see maybe one more little pullback give me that $85 area let's go along there
and then hold Walmart for a possible retest of all-time highs by the end of
2018 so there it is my plan to hold Walmart to buy Walmart and kind of my
overall thesis on why I like Walmart at this point I'll talk to you guys later
on