WMT: TREND line break. Selling.

Keith sold WMT in the Hedgeye Virtual Portfolio managing Macro market risk with the intermediate-term TREND line of support broken shortly after the open.

As it relates to the stock, if you believe, like we do, that the ‘trade down’ theme for the consumer is still very much alive and likely to accelerate, then WMT is one of the best places to look within retail.

Longer-term (TAIL) we definitely like Target here better. 

WMT: TREND line break. Selling.  - WMT VP 9 21 11