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Wednesday, June 26, 2013

WMT - bullish momentum scan

Wal-mart corrected with the rest of the market over the last two months and retraced 50-61.80% of its prior advance with a falling channel. The correction stopped just short of broken resistance in the 72 area as prices surged back above 75 the last few days. Also notice that MACD moved above its signal line, which qualified WMT for the bullish MACD cross scan.


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