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Vmware Inc-Cl A Rises 1.91% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

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.

Vmware Inc-Cl A share prices have moved between a 52-week high of $206.41 and a 52-week low of $128.69 and are now trading 33% above that low price at $170.56 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.94% higher over the past week, respectively.

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.

Keywords: rebounders vmware inc-cl a

Ticker(s): VMW