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Recent 52-Week High Exceeded in Shares of Wal-Mart Stores (WMT)

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded today at a new 52-week high of $112.22. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 6.6 million shares.

Wal-Mart Stores (NYSE:WMT) is currently priced 11.2% above its average consensus analyst price target of $99.36. The stock should discover initial support at its 50-day moving average (MA) of $103.26 and subsequent support at its 200-day MA of $98.28.

Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company's discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart's markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $82.37 and a high of $112.22 and are now at $111.93, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

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 17.2%. We continue to monitor WMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wal-mart stores

Ticker(s): WMT