Wal-Mart (WMT) Offering Possible 14.42% Return Over the Next 8 Calendar Days

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Wal-Mart’s most recent trend suggests a bearish bias. One trading opportunity on Wal-Mart is a Bear Call Spread using a strike $91.00 short call and a strike $96.00 long call offers a potential 14.42% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $91.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $96.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Wal-Mart is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Wal-Mart is bearish.

The RSI indicator is at 26.29 level which suggests that the stock is neither overbought nor oversold at this time.

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