• Return to Headlines

Next Resistance Level for Wal-Mart Stores (WMT) is $76.92

By James Quinn

Wal-Mart Stores (NYSE:WMT) has opened bullishly above the pivot of $76.27 today and has reached the first level of resistance at $76.63. Investors may be interested in a cross of the next upside pivot targets of $76.92 and $77.57.

Wal-Mart Stores has overhead space with shares priced $76.33, or 7.0% below the average consensus analyst price target of $82.08. Wal-Mart Stores shares have support at the 50-day moving average (MA) of $68.03 and additional support at the 200-day MA of $64.80.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $65.28 and a high of $80.47 and are now at $76.33, which is 17% above that low price. 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%.

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.

Keywords: pivot alerts wal-mart stores

Ticker(s): WMT