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Bearish Moving Average Cross by Wal-Mart Stores (WMT)

By James Quinn

Today, shares of Wal-Mart Stores (NYSE:WMT) have crossed bearishly below their 10-day moving average of $98.14 on a volume of 337K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Wal-Mart Stores has traded in a range of $81.78 to $106.21 and is now at $97.98, 20% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Wal-Mart Stores on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.84. Since that recommendation, shares of Wal-Mart Stores have risen 4.4%. We continue to monitor WMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT