• Return to Headlines

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

By David Diaz

Today, shares of Wal-Mart Stores (NYSE:WMT) have advanced above their 10-day MA of $100.96 on a volume of 2.7 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.

Over the past year, Wal-Mart Stores has traded in a range of $81.78 to $106.21 and is now at $101.98, 25% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Wal-Mart Stores and will alert subscribers who have WMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wal-mart stores

Ticker(s): WMT