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After Yesterday's Rally of 1.71% Shares Could Potentially Pullback

By Amy Schwartz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $87.50 to a high of $89.09. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $88.99 on volume of 6.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Wal-Mart Stores has traded in a range of $65.28 to $109.98 and is now at $88.94, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders wal-mart stores

Ticker(s): WMT