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VMware Crosses Below its 10-day MA (VMW)

By Amy Schwartz

Today, shares of VMware (NYSE:VMW) have crossed bearishly below their 10-day moving average of $95.93 on a volume of 1.2 million 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.

Over the past year, VMware has traded in a range of $43.25 to $98.00 and is now at $95.81, 122% above that low. Over the past week, 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 42.6%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses VMware

Ticker(s): VMW