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

By Shiri Gupta

Shares of Wal-Mart Stores are trading today in above average volume, with the share price rising 4.6% to $111.10. About 6.7 million shares have been traded today, as compared to the 30-day average volume of 4.6 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Wal-Mart Stores on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $110.99. Since that call, shares of Wal-Mart Stores have fallen 4.3%. 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 $85.78 and a high of $115.49 and are now at $111.17, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: unusual volume wal-mart stores

Ticker(s): WMT