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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By Amy Schwartz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $70.64 to a high of $71.72. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $71.18 on volume of 4.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $56.30 and a high of $79.94 and are now at $71.54, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

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: rebounders wal-mart stores

Ticker(s): WMT