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VMware Bearish Moving Average Crossover Alert (VMW)

By Shiri Gupta

Today, shares of VMware (NYSE:VMW) have crossed bearishly below their 10-day moving average of $56.16 on a volume of 407K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, VMware share prices have been bracketed by a low of $43.25 and a high of $93.43 and are now at $55.80, 29% above that low price. 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 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 13.2%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses VMware

Ticker(s): VMW