Wal-Mart Stores Inc.(WMT) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Wal-Mart Stores Inc.(WMT) closed at 57.68, down -0.09 or -0.16 % today. Based on our analysis, Wal-Mart Stores Inc.(WMT) has rising momentum with an uptrend.

The closing price of Wal-Mart Stores Inc.(WMT) is above its 50 day moving average of 56.16 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Wal-Mart Stores Inc.(WMT) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 30-May-2008, about 5 trading days ago.