Nearest Resistance: $74
Nearest Support: $71Catalyst: Earnings Last up is retail giant Wal-Mart (WMT), one of the " 5 Consumer Stocks Hedge Funds Love" right now. They're probably just not loving today's price action. Wal-Mart is down around 3% as I write, the result of earnings that, while strong, fell short of what analysts had been expecting. The disappointment broke shares down below the bottom of an otherwise bullish technical setup, opening the door to more downside until WMT touches support at $71. I wouldn't go back and buy this stock unless it can push through resistance at $74; that's too close for an upside barrier otherwise. Wal-Mart is one of Warren Buffett's holdings. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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