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

By Nick Russo

Today, shares of Wal-Mart Stores (NYSE:WMT) have advanced above their 10-day MA of $84.83 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wal-Mart Stores share prices have moved between a 52-week high of $109.98 and a 52-week low of $65.28 and are now trading 31% above that low price at $85.33 per share. 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 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 16.2%. 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