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

By Shiri Gupta

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.

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.

Vmware Inc-Cl A share prices have moved between a 52-week high of $165.00 and a 52-week low of $55.12 and are now trading 136% above that low price at $129.84 per share. The 200-day and 50-day moving averages have moved 0.89% lower and 1.05% higher over the past week, respectively.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW