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

By Shiri Gupta

Today, shares of Vmware Inc-Cl A (NYSE:VMW) have crossed bullishly above their 10-day moving average of $139.37 on a volume of 234K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Vmware Inc-Cl A share prices have moved between a 52-week high of $165.00 and a 52-week low of $55.12 and are now trading 153% above that low price at $139.58 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 Inc-Cl A on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.24. Since that recommendation, shares of Vmware Inc-Cl A have risen 12.5%. 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