WMT

This week has confirmed a bullish breakout in Wal-mart (WMT) stock prices from a 1-year weekly triangle formation starting in September, 2008. Let’s take a look at this bullish price break on the weekly chart.

With the backdrop of potential recession, record oil prices, credit crisis, and other negative news, retail giant Wal-Mart (WMT) not only has broken to new highs for 2008, but is pennies shy of a fresh 6-year high, ascending 26% for 2008 alone! Let’s look at the charts to see what so many people have been…