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Watch for Wal-Mart Stores to Potentially Rebound After Falling 1.41% Yesterday

By David Diaz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $70.00 to a high of $71.00. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $71.16 on volume of 7.2 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 $56.30 to $79.94 and is now at $70.46, 25% above that low. 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: rebounders wal-mart stores

Ticker(s): WMT