Apr 29, 2022
Intraday Update: WMT
As the crazy week of earnings winds down, indices are weak and giving up the big gains from yesterday, with lots of mixed action across stocks. AMZN's lackluster report has hurt sentiment in Retail, and WMT is being dragged down with it. The stock is losing the week-long support range at 154, and it is losing the key 20day sma as well, so we need to close the Jun17 $165 - $170 call spread roll up. We booked gains as the stock rallied into the high-150s and it looked ready for mid-160s as recently as last week, but now that it is losing uptrend support, the thesis of the trade has changed.
Trader Author Portfolio Holdings
**As of the date and time of publication