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Watch for Wal-Mart Stores to Potentially Rebound After Falling 1.13% Yesterday

By Shiri Gupta

Wal-Mart Stores (NYSE:WMT) traded in a range yesterday that spanned from a low of $115.51 to a high of $116.26. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $115.52 on volume of 813,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wal-Mart Stores share prices have moved between a 52-week high of $125.38 and a 52-week low of $93.11 and are now trading 24% above that low price at $115.26 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 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