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SmarTrend Watching for Potential Pullback in Shares of Wal-Mart Stores After 1.33% Gain

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $124.10 to a high of $125.47. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $124.31 on volume of 2.0 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 $133.38 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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