WMT is added more for its classification as a Consumer Staple (such as it is) and portfolio balance than for the technicals. I want a certain amount of boring stocks in with the more exciting ones.
As to the technicals, it’s as simple as a daily chart trend line breakout, which it is testing by pulling back today. If it’s a trade then the trade would want the SMA 200 (138.94) to hold as support. That may be my tolerance, unless I decide to keep it for portfolio, rather than technical reasons.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.