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New York
Friday, March 29, 2024

Comment by Burrben

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  1. Burrben

    From T3, which are purely technical traders.  I've been doing well with WMT short puts by themselves.

    Valero Energy (VLO) is another strong energy name that we add to our watch-list. Valero could be the next breakout candidate in the sector as it has been pushing higher into the weekly resistance of $56. A break above this could lead to additional upside momentum. Our target in this trade idea stands at $62 from the measured move of the recent range. Stops could be placed at $53.50.

    Wal-Mart Stores (WMT) recently regained support of its 200-day EMA in late March and has been sitting comfortably above this key moving average for a few weeks now. The stock has been forming a wedge pattern that could see upside resolution if it could break and close above Thursday's high of $77.75. Stops could be placed at $76.25 with a target at the current high of $81.



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