TMCNet:  Wal-Mart Stores (WMT) Breaks Through Resistance at $72.17

[March 04, 2013]

Wal-Mart Stores (WMT) Breaks Through Resistance at $72.17

Mar 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Wal-Mart Stores (NYSE:WMT) have bullishly opened above the pivot of $71.47 today and have reached the first resistance level of $72.17. Analysts will be watching for a cross of the next upside pivot targets of $72.59 and $73.71.


In the past 52 weeks, Wal-Mart Stores share prices have been bracketed by a low of $57.18 and a high of $77.60 and are now at $72.10, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

Wal-Mart Stores (NYSE:WMT) has potential upside of 7.0% based on a current price of $72.10 and analysts' consensus price target of $77.12. The stock should find initial support at its 200-day moving average (MA) of $70.91 and further support at its 50-day MA of $69.62.

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.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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