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Look for Shares of Vmware Inc-Cl A to Potentially Pullback after Yesterday's 2.91% Rise

By James Quinn

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $148.90 to a high of $152.62. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $152.49 on volume of 726,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Vmware Inc-Cl A on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.24. Since that recommendation, shares of Vmware Inc-Cl A have risen 20.3%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Vmware Inc-Cl A share prices have moved between a 52-week high of $165.00 and a 52-week low of $85.45 and are now trading 78% above that low price at $152.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.6%.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW