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Wal-Mart Stores Bearish Moving Average Crossover Alert (WMT)

By Nick Russo

Today, shares of Wal-Mart Stores (NYSE:WMT) have fallen below their 10-day MA of $70.95 on a volume of 1.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Wal-Mart Stores share prices have moved between a 52-week high of $79.94 and a 52-week low of $56.30 and are now trading 26% above that low price at $70.82 per share. 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 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