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SmarTrend Watching for Potential Rebound in Shares of Wal-Mart Stores After 1.35% Loss

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $105.53 to a high of $108.73. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $105.77 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $105.59, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 0.47% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Wal-Mart Stores. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wal-Mart Stores in search of a potential trend change.

Keywords: rebounders wal-mart stores

Ticker(s): WMT