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Wal-Mart Stores Falls 2.77% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $106.37 to a high of $107.52. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $108.15 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Wal-Mart Stores has traded in a range of $85.78 to $115.49 and is now at $106.49, 24% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

Keywords: rebounders wal-mart stores

Ticker(s): WMT