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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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