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After Yesterday's Decline of 1.10%, Wal-Mart Stores Offers Investors Better Value

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $117.44 to a high of $118.73. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $118.20 on volume of 473,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $85.78 and a high of $120.71 and are now at $117.86, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

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: rebounders wal-mart stores

Ticker(s): WMT