Wal-Mart Stores Crosses Above its 10-day MA (WMT)
Today, shares of Wal-Mart Stores (NYSE:WMT) have advanced above their 10-day MA of $66.72 on a volume of 13.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $68.74, 22% 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 is monitoring the recent change of momentum in Wal-Mart Stores. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wal-Mart Stores in search of a potential trend change.
Keywords: moving crosses wal-mart stores