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Wal-Mart Stores (WMT) Approaches New Downside Target of $112.98

By David Diaz

Shares of Wal-Mart Stores (NYSE:WMT) opened today below their pivot of $114.06 and have already reached the first level of support at $113.39. Investors may be interested in a cross of the next downside pivot targets of $112.98 and $111.90.

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 $113.83, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Wal-Mart Stores (NYSE:WMT) is currently priced 12.7% above its average consensus analyst price target of $99.36. Wal-Mart Stores shares have support at the 50-day moving average (MA) of $110.85 and additional support at the 200-day MA of $101.43.

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: pivot alerts wal-mart stores

Ticker(s): WMT