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After Yesterday's Rally of 2.03% Shares Could Potentially Pullback

By Amy Schwartz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $95.05 to a high of $97.06. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $96.07 on volume of 3.9 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 is monitoring the recent change of momentum in Wal-Mart Stores. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wal-Mart Stores in search of a potential trend change.

Over the past year, Wal-Mart Stores has traded in a range of $81.78 to $109.98 and is now at $96.73, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders wal-mart stores

Ticker(s): WMT