Walmart Trading Above 200 & 50-Day SMA: How to Play WMT Stock?

Walmart Inc. (WMT) continues to demonstrate impressive upward momentum, consistently trading above its 200-day and 50-day simple moving averages (SMA), which are key indicators of price stability and long-term bullish trends. As of Tuesday, WMT was trading at $80.67, which surpassed both its 200-day SMA of $62.98 and 50-day SMA of $73.63, highlighting a continued uptrend. Image Source: Zacks Investment ResearchSMA is a key tool in technical analysis used to assess price trends by smoothing out short-term fl ...