Wal-Mart Stores Bearish Moving Average Crossover Alert (WMT)
Wal-Mart Stores (NYSE:WMT) crossed under its 10-day moving average of $67.67 on a volume of 4.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Wal-Mart Stores has traded in a range of $56.30 to $79.94 and is now at $65.97, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.
SmarTrend recommended that subscribers consider buying shares of Wal-Mart Stores on December 29th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.36. Since that recommendation, shares of Wal-Mart Stores have risen 12.1%. We continue to monitor WMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses wal-mart stores