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