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

By David Diaz

Today, shares of Wal-Mart Stores (NYSE:WMT) have crossed bullishly above their 10-day moving average of $78.77 on a volume of 1.8 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, Wal-Mart Stores share prices have been bracketed by a low of $65.28 and a high of $81.99 and are now at $78.99, 21% 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 slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Wal-Mart Stores. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wal-Mart Stores in search of a potential trend change.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT