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SmarTrend Watching for Potential Rebound in Shares of Vmware Inc-Cl A After 2.70% Loss

By David Diaz

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $156.50 to a high of $160.84. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $160.05 on volume of 456,000 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 $156.80, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW