DailyPlay (WMT) – November 30th, 2021

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The bearish DailyPlay for Tuesday, November 30th is Walmart Inc (WMT). WMT is part of the Staples sector which is at a high risk of a disrupted holiday season due to the rise in COVID cases. 

Technical View

• Break below and failed retest of the $143 level.
• Weakening Technical Score (6 out of 10)
• Bearish 1M and 6M trends

Fundamental View

• Risks include wage pressures, supply chain bottlenecks, and weaker consumer spending.
• Growing COVID cases globally will have a negative impact on WMT’s holiday sales. 
• Earnings: Feb 17, 2022 (79 days)

As this is a credit spread, look to take profits at 50% gain and cut losses at 100%:

• Take Profits: $0.90 Debit
• Stop Loss: $3.60 Debit

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