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Wal-Mart Stores Trading Lower on Heavy Volume, Inline With Overall Trend (WMT)

By Nick Russo

Shares of Wal-Mart Stores are trading today in above average volume, with the share price falling 1.4% to $84.93. Today's volume of 11.9 million shares tops the average 30-day volume of 6.6 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 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 14.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $65.28 and a high of $109.98 and are now at $84.89, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.2%.

Keywords: unusual volume wal-mart stores

Ticker(s): WMT