Bearish Moving Average Cross by VMware (VMW)
VMware (NYSE:VMW) crossed under its 10-day moving average of $61.23 on a volume of 364K 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.
In the past 52 weeks, shares of VMware have traded between a low of $43.25 and a high of $93.43 and are now at $60.53, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of VMware on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.88. Since that recommendation, shares of VMware have risen 24.6%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses VMware