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SmarTrend Watching for Potential Rebound in Shares of Vmware Inc-Cl A After 3.16% Loss

By Shiri Gupta

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $148.63 to a high of $150.70. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $152.14 on volume of 230,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 16% above that low price at $149.00 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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