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Shares of Vmware Inc-Cl A Rise Above Previous 52-Week High

By James Quinn

Shares of Vmware Inc-Cl A (NYSE:VMW) traded today at $107.42, breaking its 52-week high. Approximately 218,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

In the past 52 weeks, Vmware Inc-Cl A share prices have been bracketed by a low of $55.12 and a high of $107.42 and are now at $107.40, 95% above that low price. The 200-day and 50-day moving averages have moved 0.89% lower and 1.05% higher over the past week, respectively.

Vmware Inc-Cl A (NYSE:VMW) defies analysts with a current price ($107.40) 2.9% above its average consensus price target of $104.30. Vmware Inc-Cl A shares have support at the 200-day moving average (MA) of $62.54 and additional support at the 50-day MA of $52.41.

VMware, Inc. provides virtualization solutions from the desktop to the data center. The Company's solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management, and desktop management.

SmarTrend recommended that subscribers consider buying shares of Vmware Inc-Cl A on June 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.12. Since that recommendation, shares of Vmware Inc-Cl A have risen 17.4%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows vmware inc-cl a

Ticker(s): VMW