Retail Under Pressure: RTH, WMT, HD, LOW

This morning many of the leading retail stocks reported earnings. The popular Retail Holders Trust (NYSE:RTH) is trading lower by $1.26 to $107.99 a share. The RTH looks to have some intra-day support around the $107.00 level should it trade down there. This is a level where traders can look for a small intra-day bounce.

WalMart Stores Inc. (NYSE:WMT) is trading lower this morning by $2.00 to $53.37 a share. This stock is declining after reporting earnings before the opening bell this morning. The stock appears to have some daily chart support around the $53.00 level. It is important to remember that most stocks are often very volatile after reporting earnings. Therefore, WalMart stock will be in play for most of the day.

Home Depot Inc. (NYSE:HD) is one retail stock that is trading higher this morning. The company reported earnings that are being well received by the market today. HD is trading higher by 0.50 cents to $38.98 a share. The stock is trading at a new 52 week high. The intra-day resistance area for HD will be around the $39.50 level.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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