Wal-Mart is in a Sideways Pattern

The 10-year price chart for Wal-Mart (WMT) shows that the huge retailer is trading in a sideways price pattern where prices are fluctuating between the mid forty and mid sixty dollar range.

The Complete Trading Model (CTM) analysis of WMT from its peak of $67.07 on December 27, 1999 through April 1, 2005 shows that 56.51% of the possible 874,503 daily buy and sell combinations were winners. This means that WMT investors have made very little money in the last five years because the proportion of winning and losing buy and sell combinations is nearly the same.