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

By David Diaz

Wal-Mart Stores (NYSE:WMT) shares have crossed bullishly above their 10-day moving average of $88.12 on a volume of 1.6 million shares. Swing traders may find 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 $88.49, 36% 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 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 12.8%. 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