• 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 = 425047 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 >= 1414040593 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 >= 1414040593 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

VMware Bearish Moving Average Crossover Alert (VMW)

Published on Fri, 01/18/2013 - 12:08
By Peter Chu

VMware (NYSE:VMW) crossed under its 10-day moving average of $95.11 on a volume of 395K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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 $94.52, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.75% higher over the past week, respectively.

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.

Potential upside of 15.5% exists for VMware, based on a current level of $94.52 and analysts' average consensus price target of $109.19. The stock should hit resistance at its 200-day moving average (MA) of $94.67, as well as support at its 50-day MA of $92.00.

By Peter Chu
pchu@fnno.com

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