TAKE PARTIAL PROFITS ON WAL-MART $WMT

This post was just published on ZYX Buy Change Alert.

WMT is long from $57.76.  30% of the full core position size is being held.  As of this writing the stock is trading at $60.85.

WMT is up today by about 5%.  The company reported earnings better than the consensus.

According to our algorithms, a significant part of the up move today is not real buying but short covering.

The new buy zone is $53 to $57.56.  Target zone remains $76 to $82.  Stop zone remains $42 to $44.43.

What To Do Now?

Those in the stock may consider taking profits on one-half of the position in the zone of $60.58 to $61.83.  Consider holding the rest and adding more on a dip into the new buy zone to build up to 40% of the full core position size.

Those not in the stock may scale in on a dip into the buy zone.

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