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VMware Crosses Above its 10-day MA (VMW)

By Shiri Gupta

VMware (NYSE:VMW) crossed over its 10-day moving average of $88.49 on a volume of 248K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of VMware have traded between a low of $43.25 and a high of $98.00 and are now at $89.68, which is 107% 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.

SmarTrend recommended that its subscribers protect gains by selling shares of VMware on June 6th, 2017 by issuing a Downtrend alert when the shares were trading at $91.96. Since that call, shares of VMware have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses VMware

Ticker(s): VMW