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SmarTrend Watching for Potential Pullback in Shares of Vmware Inc-Cl A After 1.91% Gain

By Shiri Gupta

Vmware Inc-Cl A (NYSE:VMW) traded in a range yesterday that spanned from a low of $168.49 to a high of $170.62. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $168.78 on volume of 201,000 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.

Over the past year, Vmware Inc-Cl A has traded in a range of $128.69 to $206.41 and is now at $170.56, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW