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SmarTrend Watching for Potential Pullback in Shares of Vmware Inc-Cl A After 1.07% Gain

By James Quinn

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $159.01 to a high of $160.76. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $159.78 on volume of 300,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Vmware Inc-Cl A share prices have moved between a 52-week high of $206.41 and a 52-week low of $128.69 and are now trading 24% above that low price at $159.77 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

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