Fundamentally, the 1st retail group in the world enjoys an excellent Surperformance rating that underlines the low valuation with a P/E ratio of 14.4x for the next fiscal period. As a leader in its industry, the group possesses also a good visibility.
Technically, the Walmarts share has been in a bearish trend ever since January with downward moving averages. The stock is approaching the USD 72 support and the timing seems opportune to benefit from a technical rebound. A buy order could be set to target a surge toward the USD 75.2 first resistance on the way up.
However, investors should not insist under the USD 71, because the bearish trend would resume under this threshold.