Vmware (VMW) Still Looking To Rock At Higher Levels?
Before I get started, let me say that even though VMW looks good here for a long, I do think it came a little too quick too fast. As such I would l am looking for a little pullback to somewhere around $84-$85, where I will consider buying some for a bucket 2 trade. […]
Taking First Profits On VMWARE (VMW) Short
Last week I highlighted the extremely bearish day and candle from June 1st in VMW. Read last week's entire analysis here: http://steadytrader.wpengine.com/short-side-opportunity-in-vmware-vmw/ The long tail and intraday failure at a new 52 week high gave us a setup for a high probability short-side opportunity. Fast forward to today, and VMW has followed-through to the downside where […]
Vmware (VMW) Is Displaying Weakness Worth Noting
Please note the head and shoulders pattern in VMW. the stock was a rally leader last year and currently sits just on top of the 200 day moving average, which makes a short somewhat more tricky. A meaningful pierce through the 200 dma would make a short more attractive. More importantly however to note […]
Short-Side Opportunity in VMWARE (VMW)?
VMWARE has become traders' favorite momentum name over the past twelve months or so, and for good reason – even if few understand what 'cloud computing' really is. The stock bottomed in late 2008 near $17 and reached a new 52 week high yesterday at $102.74. In 2011 so far the stock displayed great volatility […]