Wal-Mart Stores (WMT): Share price advances through positive trading channel

Filed under: Good news, Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Technical Analysis, Stocks to Buy

Wal-Mart Stores (NYSE: WMT) is the world's largest retailer, offering a vast array of general merchandise through some 7,350 stores. That total includes nearly 1,000 discount stores, over 2,800 combination discount and grocery stores and about 600 warehouse outlets. More than half of Wal-Mart's stores are in the United States, but the firm has a widespread and growing international presence. It is the biggest retailer in Canada and Mexico, has a 95% stake in Japan's Seiyu and has developing operations in Europe, South America and Asia. The company employs more than two million associates and serves more than 200 million customers per year. Target (NYSE: TGT) and Costco Wholesale (NASDAQ: COST) are major competitors.

The stock has been a steady gainer