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Wal-Mart Stores Crosses Above its 10-day MA (WMT)

By Nick Russo

Today, shares of Wal-Mart Stores (NYSE:WMT) have crossed bullishly above their 10-day moving average of $76.16 on a volume of 5.9 million shares. This may provide short-term investors a chance 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 $56.30 and a high of $79.94 and are now at $77.25, 37% above that low price. 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 recommended that subscribers consider buying shares of Wal-Mart Stores on February 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.24. Since that recommendation, shares of Wal-Mart Stores have risen 8.5%. 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

Ticker(s): WMT