Walmart could be in trouble — the stock has been outperforming the major market indexes. Charts show the stock is on the cusp of a sharp pullback, according to technician Carter Worth. “Walmart has been outperforming since 2022 … (the stock) is back at a difficult level where indirect supply comes into play,” the founder and CEO of Worth Charting said in a research note released Thursday. stated in the report. “We’re the sellers here.” Worth sees the stock in particular trouble at the $140 level. He noted that the big box retailer’s stock “made a significant intermediate low” on June 16 last year. Shares eventually resumed their gains and are up more than 24% since then. While discussing Worth’s call on “Fast Money,” trader Tim Seymour laid out his strategy for Walmart. “I’m long Walmart, I’ve been selling calls around $160,” he said on Thursday’s show. “I was dialed down a little bit.” Trader Karen Finerman seemed cautious about the stock’s move. “P/E ratios are high, but they’re not actually as high as they seem because they’ve been spending, spending, spending,” she said. “They could reduce that if they wanted to, but it’s kind of like no man’s land to me.” Walmart was in the news last week. The company announced plans to abruptly close four stores in Chicago due to poor performance. In addition, new government data released on Friday showed that the macro situation for retailers is deteriorating. Retail sales fell 1% in March, more than Wall Street had expected. Retail sales excluding autos saw their biggest drop since December 2021. Walmart shares fell nearly 2% last week, but are up about 5% so far this year. The company is scheduled to report first-quarter earnings on May 18.