• Return to Headlines

Bearish Moving Average Cross by Vmware Inc-Cl A (VMW)

By Nick Russo

Vmware Inc-Cl A (NYSE:VMW) shares have crossed bearishly below their 10-day moving average of $181.72 on a volume of 178K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Vmware Inc-Cl A has traded in a range of $117.61 to $188.51 and is now at $181.43, 54% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.7%.

SmarTrend recommended that subscribers consider buying shares of Vmware Inc-Cl A on February 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.90. Since that recommendation, shares of Vmware Inc-Cl A have risen 17.8%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vmware inc-cl a

Ticker(s): VMW