Wal-Mart Stores Inc.(WMT) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Wal-Mart Stores Inc.(WMT) closed at 57.09, up 0.69 or 1.22 % for the day. Based on our analysis, Wal-Mart Stores Inc.(WMT) is in an uptrend but could lose its momentum.

The closing price of Wal-Mart Stores Inc.(WMT) is above its 50 day moving average of 55.63 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Wal-Mart Stores Inc.(WMT) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 2-May-2008, about 19 trading days ago.