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Watch for Vmware Inc-Cl A to Potentially Pullback After Gaining 2.91% Yesterday

By Shiri Gupta

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $148.90 to a high of $152.62. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $152.49 on volume of 726,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Vmware Inc-Cl A share prices have been bracketed by a low of $85.45 and a high of $165.00 and are now at $152.10, 78% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 1.28% higher over the past week, respectively.

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 20.3%. 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