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 buyer and seller. The Moving Average Convergence Divergence (MACD) rises above the zero line - a bullish configuration.
In this weekly bar graph from VMW, we can see that prices are going beyond the current 40-week average. The shaky OBV line was strong, insisting that VMW buyers were aggressive. The bottom image with the 12-week price-momentum study shows that the moment since the October peak has turned all over. The moment is a leading indicator and momentum is typically peaking before prices peak.

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