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Vmware Inc-Cl A Rises 3.24% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $154.75 to a high of $159.99. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $155.72 on volume of 805,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Vmware Inc-Cl A has traded in a range of $106.60 to $165.00 and is now at $159.32, 49% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Vmware Inc-Cl A on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.24. Since that recommendation, shares of Vmware Inc-Cl A have risen 25.5%. We continue to monitor VMW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW