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SmarTrend Watching for Potential Rebound in Shares of Vmware Inc-Cl A After 1.59% Loss

By James Quinn

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $150.20 to a high of $152.31. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $152.94 on volume of 135,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Vmware Inc-Cl A have traded between a low of $128.69 and a high of $206.41 and are now at $151.92, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.42% lower over the past week, respectively.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW