VMware's Stock Is Pointed Straight Up | Latest News
We reviewed VMware (VMW) at the end of October when I wrote, "The trend is still for VMW, even if you buy VMW or expand existing positions, you have to take the risk of closing below $ 110 where the 50-" We had target prices in the range of $ 150- $ 160, which are still possible and not too far away. Prices are always above the 50-year-old day, but they also have other indicators that are ignorable. Let's check things out. In this daily bar chart of VMW, we can see that prices do not exceed the 50-day average, but they are above the current 200-day line. The volume histogram is interesting with a large volume created in late November and early December. From that point on, the volume is falling, even if prices are rising - not the ideal picture of a strong rally. The daily on-balance-volume (OBV) line is at the beginning of December for the last 12 months. An upstanding OBV line signals more aggressive buying, but a flat or neutral line indicates a balance between bu