• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 492398 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1416850224 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1416850224 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Bullish Moving Average Cross by VMware (VMW)

Published on Fri, 05/03/2013 - 11:14
By Adrienne Chilton

VMware (NYSE:VMW) shares have crossed bullishly above their 10-day moving average of $72.08 on a volume of 806K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

VMware Inc. develops virtual infrastructure solutions. The Company's products include vManage, which manages virtual infrastructure, vPlatform, a uniform platform for information technology infrastructure, and vTools, a virtual infrastructure integration tool.

Over the past year, VMware has traded in a range of $70.05 to $115.00 and is now at $72.98, 4% above that low. The 200-day and 50-day moving averages have moved 0.28% lower and 0.26% lower over the past week, respectively.

There is potential upside of 34.7% for shares of VMware based on a current price of $72.98 and an average consensus analyst price target of $98.32. The stock should run into initial resistance at its 50-day moving average (MA) of $75.78 and subsequent resistance at its 200-day MA of $86.95.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Team Shares Climbing Higher, Up 1.8%...

One of today's stocks on the move is Team (NASDAQ:TISI), up 1.8% to $41.45. The Dow Jo ...

Stock Investors Sell Off Shares of Franc...

One of today's notable stocks in decline is Franco-Nevada (NYSE:FNV), down 1.8% to $53. ...

Finish Line Shares Climbing Higher, Up 1...

Finish Line (NASDAQ:FINL) is a company whose shares are active, trading 1.8% higher to ...

Buyers Accumulate Shares of Banco Bilbao...

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is one of today's notable stocks on the ris ...

Bank of the Ozarks Shares Climbing Highe...

Up 1.8% to $35.98, Bank of the Ozarks (NASDAQ:OZRK), is one of today's notable movers. ...

Buyers Accumulate Shares of Incyte, Up 1...

Incyte (NASDAQ:INCY) is one of today's notable stocks on the rise, up 1.8% to $73.60. ...

Auxilium Pharmaceuticals Makes a Move: U...

Auxilium Pharmaceuticals (NASDAQ:AUXL), a company whose shares are moving quickly, is t ...

Reed's Shares Climbing Higher, Up 1.9%...

Reed's (NYSE:REED) is a company whose shares are active, trading 1.9% higher to $6.60. ...