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Look for Shares of Wal-Mart Stores to Potentially Rebound after Yesterday's 7.82% Sell Off

By Nick Russo

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $105.20 to a high of $110.81. Yesterday, the shares fell 7.8%, which took the trading range below the 3-day low of $112.73 on volume of 8.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Wal-Mart Stores share prices have moved between a 52-week high of $125.38 and a 52-week low of $96.53 and are now trading 10% above that low price at $106.41 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders wal-mart stores

Ticker(s): WMT