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Watch for Vmware Inc-Cl A to Potentially Pullback After Gaining 1.34% Yesterday

By Amy Schwartz

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $179.26 to a high of $181.71. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $179.73 on volume of 590,000 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 $117.61 to $183.41 and is now at $181.67, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Vmware Inc-Cl A on February 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.91. Since that recommendation, shares of Vmware Inc-Cl A have risen 15.0%. 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