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

By James Quinn

Wal-Mart Stores (NYSE:WMT) crossed over its 10-day moving average of $70.16 on a volume of 2.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $56.30 and a high of $79.94 and are now at $70.88, 26% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.15% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Wal-Mart Stores and will alert subscribers who have WMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT