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Shares of Wal-Mart Stores Exhibit Possible Trend Reversal as it Trades Higher (WMT)

By Nick Russo

Wal-Mart Stores shares are trading on heavy volume today, having risen 3.2% to $103.54. Today's volume of 7.5 million shares tops the average 30-day volume of 5.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 $106.21 and are now at $101.98, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: unusual volume wal-mart stores

Ticker(s): WMT