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Look for Shares of Wal-Mart Stores to Potentially Pullback after Yesterday's 1.45% Rise

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $86.12 to a high of $87.31. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $86.86 on volume of 2.6 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 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $65.28 and a high of $109.98 and are now at $87.23, which is 34% 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%.

Keywords: rebounders wal-mart stores

Ticker(s): WMT