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Wal-Mart Stores (WMT) Crosses Pivot Point Resistance at $102.80

By Nick Russo

Shares of Wal-Mart Stores (NYSE:WMT) have bullishly opened above the pivot of $102.43 today and have reached the first resistance level of $102.80. Investors may be interested in a cross of the next upside pivot targets of $103.16 and $103.89.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $81.78 and a high of $106.21 and are now at $103.23, which is 26% 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) defies analysts with a current price ($103.23) 3.7% above its average consensus price target of $99.36. The stock should discover initial support at its 50-day moving average (MA) of $98.38 and subsequent support at its 200-day MA of $95.18.

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: pivot alerts wal-mart stores

Ticker(s): WMT