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Watch for Vmware Inc-Cl A to Potentially Pullback After Gaining 2.50% Yesterday

By Nick Russo

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $88.11 to a high of $90.75. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $89.19 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Vmware Inc-Cl A share prices have moved between a 52-week high of $98.00 and a 52-week low of $55.12 and are now trading 64% above that low price at $90.46 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.0%.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW