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Wal-Mart Stores Rises 2.68% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $123.11 to a high of $125.38. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $121.36 on volume of 5.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Wal-Mart Stores have traded between a low of $85.78 and a high of $125.38 and are now at $124.22, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

Keywords: rebounders wal-mart stores

Ticker(s): WMT