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

By Amy Schwartz

Vmware Inc-Cl A (NYSE:VMW) crossed under its 10-day moving average of $147.67 on a volume of 2.4 million 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 $129.33 to $206.41 and is now at $136.36, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vmware Inc-Cl A on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $156.64. Since that call, shares of Vmware Inc-Cl A have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses vmware inc-cl a

Ticker(s): VMW