This sets up a potential short term bounce. If WAL can take out today's high of 48 either tomorrow or within the next day or so, and then confirm the move by climbing above 48.33 (yesterday's high) and close above the 5ema, I'd look for it to try to rally back to the recent high of 50.72
WAL has been on my high momentum watch list since breaking out on 11/9. Prior to that, it and several other names from the financial sector have been on the radar. Take a look at the that tracks the financial sector XLF . It has been rallying since 11/9 as well and today it caught support at the 10ema which is good for the sector.