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Wal-Mart Stores Crosses Above its 10-day MA (WMT)

By James Quinn

Today, shares of Wal-Mart Stores (NYSE:WMT) have advanced above their 10-day MA of $114.43 on a volume of 542K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wal-Mart Stores share prices have moved between a 52-week high of $128.08 and a 52-week low of $96.53 and are now trading 21% above that low price at $116.62 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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: moving crosses wal-mart stores

Ticker(s): WMT