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After Yesterday's Rally of 6.98% Shares Could Potentially Pullback

By Nick Russo

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $126.00 to a high of $130.03. Yesterday, the shares gained 7.0%, which took the trading range above the 3-day high of $123.29 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Vmware Inc-Cl A has traded in a range of $55.12 to $165.00 and is now at $129.84, 136% 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 is tracking the current trend status for Vmware Inc-Cl A and will alert subscribers who have VMW in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW