Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.
US stocks: US market sinks as bond yields rise, Walmart results disappoint
The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest