VMware (NYSE:VMW) traded today at a new 52-week low of $73.25. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.

VMware Inc. develops virtual infrastructure solutions. The Company's products include vManage, which manages virtual infrastructure, vPlatform, a uniform platform for information technology infrastructure, and vTools, a virtual infrastructure integration tool.

VMware share prices have moved between a 52-week high of $118.79 and the current low of $73.25 and are currently at $73.50 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1%.

VMware (NYSE:VMW) has potential upside of 35.0% based on a current price of $73.50 and analysts' consensus price target of $99.20. The stock should run into initial resistance at its 50-day moving average (MA) of $90.25 and subsequent resistance at its 200-day MA of $92.24.

SmarTrend recommended that its subscribers protect gains by selling shares of VMware on January 29th, 2013 by issuing a Downtrend alert when the shares were trading at $78.17. Since that call, shares of VMware have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.