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After Yesterday's Rally of 2.29% Shares Could Potentially Pullback
Jan 09, 2013 (SmarTrend(R) News Watch via COMTEX) --
VMware (NYSE:VMW) traded in a range yesterday that spanned from a low of $92.77 to a high of $94.88. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $93.55 on volume of 1.8 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 monitoring the recent change of momentum in VMware. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of VMware in search of a potential trend change.
In the past 52 weeks, shares of VMware have traded between a low of $79.46 and a high of $118.79 and are now at $94.87, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.60% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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