Wal-Mart Stores

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Retail store operator Wal-Mart Stores ( WMT) is trading up 0.32% at $59.37 in recent trading after hitting a 52-week high of $59.66 earlier in the day.

Today's Range: $59.16-$59.66

52-Week Range: $48.31-$59.40

Volume: 4 million

Three-Month Average Volume: 11.6 million

Wal-Mart has a market cap of $203.07 billion and an enterprise value of $254.96 billion. The stock trades at a trailing price-to-earnings of 12.55 and a forward price-to-earnings of 12.08. Its estimated growth rate for this year is 10.3%, and for next year it's pegged at 9.4%. The current short interest as a percentage of the float for Wal-Mart is very low at 1.7%.

From a technical standpoint, WMT has started to trigger a big breakout trade today now that this stock has cleared some near-term overhead resistance at $59.03. Volume on this breakout so far is very light, so traders need to watch how the stock finishes with price and volume.

Look for a sustained move and close above $59.03 on volume that's near or above 11.6 million to signal that WMT wants to trend higher in the near future. If we get that action, then look for WMT to challenge its next significant resistance levels that sit just under $65.

Wal-Mart, one of Warren Buffett's holdings, also shows up on a list of 10 Stocks Held by the Most Successful Fund Managers.

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