Blue-Chip Retail Stock Has Room to Run

The shares of Walmart Inc (NYSE:WMT) hit a record high on Friday, following a brief period of consolidation into their 20-day moving average. On the longer-term monthly graph, the equity broke above a trendline connecting multiple highs since 2014. With this solid technical foundation in place, we’re recommending a new long position on WMT. Walmart stock’s Schaeffer’s put/call open interest ratio (SOIR) increased from 0.87 to 0.91 after that record high, meaning an unwinding of this pessimism could create m ...