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Walmart’s stock has suffered its longest losing streak in seven years, but the technical outlook remains bullish as it remains well above a key long-term trend tracker.

The selloff has taken Walmart's stock below its 50-day moving average, which many Wall Street chart watchers view as a short-term trend tracker, for the first time in two months.

Learn how to read a stock chart to make smarter, more calculated, and confident trading and investing decisions.