Vmware Is in a Well Structured Setup

New York, January 22nd (TradersHuddle.com) - VMware, Inc. (NYSE:VMW) closed the trading day at $93.81, near its 50 day and 200 day moving averages set at $92.02 and $94.57 respectively. Vmware's price action placed the stock above the 50 day moving average but below its 200 day moving average, providing a nice trading setup with clear reference points.

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 seems to be setting up for a tight range between the 50 day moving average as support and the 200 day moving average serving as resistance.

A tiered approach appears to be the best way to maximize possible movements in the stock, as traders could establish a small position in Vmware and wait for the stock to break out above the 200 day moving average at $94.57. Then they could add to the position as momentum builds with the breakout. On the other hand, if support being referenced at the 50 day moving average set at $92.02 breaks, it could signal further downside for Vmware in the horizon.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,681.53 ▲220.21 (1.34%)
o S&P 500 1,950.63 ▲23.52 (1.22%)
o NASDAQ 4,449.20 ▲66.35 (1.51%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,681.53 Trade time:3:10PM EDT Value change:▲220.21 (1.34%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,950.63 Trade time:3:10PM EDT Value change:▲23.52 (1.22%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,449.20 Trade time:3:10PM EDT Value change:▲66.35 (1.51%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.