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Wal-Mart Stores Rises 1.17% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $119.54 to a high of $120.86. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $119.62 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Wal-Mart Stores has traded in a range of $85.78 to $120.71 and is now at $119.61, 39% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 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