Trade premise:
Enter short somewhere between $71.50 - $73 and cover near
the 200day moving average currently near $68.50 (unfortunately I wrote this
midday when the stock was trading near $72 - but the analysis still holds). Those
less averse can start covering near $70 while those more tolerant can cover
some on the 200day moving average and keep some on if the broad market
collapses and WMT follows it lower towards $65. A prudent stop would be over
the 100day moving average currently near $73.25 (or according to your own risk
tolerance).
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