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After Yesterday's Rally of 1.32% Shares Could Potentially Pullback

By James Quinn

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $97.30 to a high of $99.17. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $97.99 on volume of 4.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Wal-Mart Stores has traded in a range of $81.78 to $109.98 and is now at $99.01, 21% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Wal-Mart Stores on July 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.28. Since that recommendation, shares of Wal-Mart Stores have risen 12.1%. We continue to monitor WMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders wal-mart stores

Ticker(s): WMT