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Berger: Why Wal-Mart is hoping to be in holiday mood

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Following Black Friday, the holiday shopping season has officially kicked off in the United States. 

Technical analyst Serge Berger is watching the Wal-Mart stock because it is the world’s largest retailer.

Since the last earnings report on November 13th the stock rallied more than 8%. Over the last two weeks, it's settled into a consolidation period.

From a technical perspective the rally in the Wal-Mart stock has broken out of a 20 month consolidation phase. While potentially bullish through the longer-term lens, it does leave it at risk of a re-test of the breakout area near the $80 mark.

Entry: Short the stock on a break below $84
Target: $81
Stop: $85.50