WMT

Retailers are suffering right now with most customers across much of America as snow keeps customers from soaking up the after X-mas sales. However, WMT has been in some trouble long before that and is now in an area that may very soon provide a high probability, low risk trade.

Below you can see a Head and Shoulders Pattern that has broken down and now it's retesting resistance on very light volume. You can see the long version of MACD I use has showed this trouble coming.

 Here's a closer look at resistance. As of now, a possible trade would be a short when WMT moves below today's low around $53.45, the stop I'd use would be near the red line around $53.85 or so.

 Here 3C shows a top, the accumulation for the last run up that ended in a H&S top and now a negative divergence on the retest of resistance. This is a pretty good looking trade if we get the price move lower showing a failed attempt to break through resistance.