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After Yesterday's Rally of 9.48% Shares Could Potentially Pullback

By David Diaz

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $144.25 to a high of $153.85. Yesterday, the shares gained 9.5%, which took the trading range above the 3-day high of $139.32 on volume of 10.8 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 $152.41 and is now at $152.33, 176% 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 Inc-Cl A on December 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.55. Since that recommendation, shares of Vmware Inc-Cl A have risen 12.3%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW