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 is that this former leader is now lagging in the price action…potentially giving us some clues about the broader market.  Longer-term however (weekly chart) the stock is still very constructive.

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