Bullish Moving Average Cross by VMware (VMW)
Today, shares of VMware (NYSE:VMW) have advanced above their 10-day MA of $73.95 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, VMware has traded in a range of $43.25 to $93.43 and is now at $74.23, 72% above that low. Over the last five market days, 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 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 6.6%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses VMware