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After Yesterday's Rally of 3.48% Shares Could Potentially Pullback

By Nick Russo

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $118.94 to a high of $122.36. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $119.91 on volume of 6.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wal-Mart Stores share prices have moved between a 52-week high of $128.08 and a 52-week low of $96.79 and are now trading 28% above that low price at $123.94 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.06% higher over the past week, respectively.

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: rebounders wal-mart stores

Ticker(s): WMT