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

By James Quinn

Wal-Mart Stores (NYSE:WMT) crossed over its 10-day moving average of $86.86 on a volume of 1.6 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 $109.98 and are now at $87.34, 34% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.15% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Wal-Mart Stores on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $100.85. Since that call, shares of Wal-Mart Stores have fallen 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT