Walmart Inc.Long
Pairs Trade - Walmart is turning up while Target is rolling over
It's TIME to make the switch:
Target is rolling over and Walmart is turning the corner.
Time to Sell (Short) Target and
Time to Buy (Go Long) Walmart
Time frame for this trade: 1-3 months, if profitable, then maybe hold 6-9 months.
Walmart has been beaten down by higher self-inflicted labor costs (raising the minimum wage on itself) and a soft economic environment. Well, that same soft environment applies to Target. It looks like the MOMENTUM OUT of Walmart and INTO Target has finally faded and it's time to reverse the trade.
These stocks don't stay "separated" forever.
Tim 12:47PM EST 10/6/2015
TGT - 77.66
WMT - 65.33
Risk 5% - Target 10% return.
77.66 short TGT with 130 shares per $10,000 US$
65.33 long WMT with 150 shares per $10,000 US$
Target is rolling over and Walmart is turning the corner.
Time to Sell (Short) Target and
Time to Buy (Go Long) Walmart
Time frame for this trade: 1-3 months, if profitable, then maybe hold 6-9 months.
Walmart has been beaten down by higher self-inflicted labor costs (raising the minimum wage on itself) and a soft economic environment. Well, that same soft environment applies to Target. It looks like the MOMENTUM OUT of Walmart and INTO Target has finally faded and it's time to reverse the trade.
These stocks don't stay "separated" forever.
Tim 12:47PM EST 10/6/2015
TGT - 77.66
WMT - 65.33
Risk 5% - Target 10% return.
77.66 short TGT with 130 shares per $10,000 US$
65.33 long WMT with 150 shares per $10,000 US$
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.