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Watch for Continued Gains in Shares of Wal-Mart Stores (WMT)

By James Quinn

Shares of Wal-Mart Stores (NYSE:WMT) traded at a new 52-week high today of $120.02. So far today approximately 322,000 shares have been exchanged, as compared to an average 30-day volume of 5.2 million shares.

Wal-Mart Stores share prices have moved between a 52-week high of $120.02 and a 52-week low of $85.78 and are now trading 38% above that low price at $118.80 per share. The 200-day and 50-day moving averages have moved 0.59% higher and 0.45% higher over the past week, respectively.

Wal-Mart Stores (NYSE:WMT) is currently priced 16.4% above its average consensus analyst price target of $99.36. Wal-Mart Stores shares have support at the 50-day moving average (MA) of $114.10 and additional support at the 200-day MA of $105.02.

Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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: 52 week high/lows wal-mart stores

Ticker(s): WMT