Bearish Moving Average Cross by VMware (VMW)
Today, shares of VMware (NYSE:VMW) have crossed bearishly below their 10-day moving average of $73.39 on a volume of 892K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
VMware share prices have moved between a 52-week high of $93.43 and a 52-week low of $43.25 and are now trading 67% above that low price at $72.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.9%.
SmarTrend recommended that subscribers consider buying shares of VMware on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.28. Since that recommendation, shares of VMware have risen 7.8%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses VMware