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SmarTrend Watching for Potential Rebound in Shares of Wal-Mart Stores After 2.60% Loss

By David Diaz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $93.10 to a high of $95.40. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $95.61 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wal-Mart Stores share prices have moved between a 52-week high of $109.98 and a 52-week low of $81.78 and are now trading 17% above that low price at $95.81 per share. The 200-day and 50-day moving averages have moved 0.05% lower and 0.12% higher over the past week, respectively.

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: rebounders wal-mart stores

Ticker(s): WMT