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

By Shiri Gupta

Today, shares of Wal-Mart Stores (NYSE:WMT) have crossed bearishly below their 10-day moving average of $84.14 on a volume of 1.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Wal-Mart Stores has traded in a range of $73.13 to $109.98 and is now at $83.59, 14% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 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 16.4%. 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