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

By James Quinn

Wal-Mart Stores (NYSE:WMT) shares have crossed bullishly above their 10-day moving average of $89.32 on a volume of 2.1 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 $77.50 and a high of $109.98 and are now at $89.95, 16% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.62% higher over the past week, respectively.

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