Error
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, January 29th (TradersHuddle.com) - Shares of VMware, Inc. (NYSE:VMW) are trading very close to calculated resistance at $98.56. The stock ended the trading session at just $98.32, which is near levels that make it difficult to buy or start a position.

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 stock range is defined by its calculated support defined at $91.9 and by the resistance level at $98.56; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Vmware. However, as the stock pulls back towards $91.9 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $98.56 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Recent Trading Ideas

Latest Partner Headlines

Copyright © 2013 TradersHuddle.com. All Rights Reserved.