Is Vmware Trade Over?

vmw New York, June 12th ( - Shares of VMware, Inc. (NYSE:VMW) ended the trading session lower by $2.3 or -2.45% from its previous close. Vmware's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

VMware, Inc. (NYSE:VMW) provides virtualization solutions for the desktop computer and data centers. Its solution products address a range of IT problems, which include cost and operational inefficiencies, business continuity, software lifecycle management and desktop management.

Vmware's current stock range is determined by calculated support defined at $87.17 and by the resistance level at $95.00, which should be used by traders planning their next move.

If traders want to establish a position in Vmware, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Vmware for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,799.24 ▼15.70 (-0.09%)
o S&P 500 2,067.43 ▲0.40 (0.02%)
o NASDAQ 4,766.80 ▲8.55 (0.18%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,799.24 Trade time:9:46AM EST Value change:▼15.70 (-0.09%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,067.43 Trade time:9:46AM EST Value change:▲0.40 (0.02%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,766.80 Trade time:9:46AM EST Value change:▲8.55 (0.18%)

In The Wires

Copyright © 2013 All Rights Reserved.