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Wait for an 'Approaching Oversold' Level Before Jumping Into Wal-Mart
MINYANVILLE ORIGINAL Wal-Mart Stores Inc. (NYSE:WMT) shares are down 3% pre-market this morning after the company reported 3Q earnings. WMT said Thursday it earned $3.63 billion or $1.08 per share in the quarter ending October 31. The results were better than the same period last year when the company earned $3.33 billion or $0.96 per share. Even though net income improved year over year the numbers disappointed the Street which was expecting $1.07 per share for the quarter.  The stock is seeing additional pressure after the company announced that more allegations of bribery have been brought against the company ...
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