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Look for Shares of Wal-Mart Stores to Potentially Rebound after Yesterday's 2.60% Sell Off

By James Quinn

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $93.10 to a high of $95.40. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $95.61 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $81.78 and a high of $109.98 and are now at $95.81, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders wal-mart stores

Ticker(s): WMT