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Look for Shares of Vmware Inc-Cl A to Potentially Rebound after Yesterday's 5.73% Sell Off

By Shiri Gupta

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $141.72 to a high of $144.56. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $150.50 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Vmware Inc-Cl A share prices have been bracketed by a low of $129.33 and a high of $206.41 and are now at $144.36, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Vmware Inc-Cl A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vmware Inc-Cl A in search of a potential trend change.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW