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

By Nick Russo

Today, shares of Wal-Mart Stores (NYSE:WMT) have advanced above their 10-day MA of $107.65 on a volume of 6.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $85.78 and a high of $115.49 and are now at $111.17, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Wal-Mart Stores on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $110.99. Since that call, shares of Wal-Mart Stores have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT