• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Wal-Mart Stores After 1.58% Gain

By James Quinn

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $86.50 to a high of $87.99. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $87.41 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wal-Mart Stores share prices have moved between a 52-week high of $109.98 and a 52-week low of $73.13 and are now trading 20% above that low price at $87.83 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders wal-mart stores

Ticker(s): WMT