pool adsVMWARE $VMW Technical Update
The VMWARE (NYSE: VMW) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for VMW, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 149.64 | 143.32 | 135.98 |
| P2 | 151.56 | 153.97 | 152.26 |
| P3 | 153.68 | 164.87 | 169.13 |
Support and Resistance Plot Chart for VMW
Long Term Trading Plans for VMW
August 20, 2018, 10:15 am ET
The Technical Summary and Trading Plans for VMW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VMW Report.
VMW - (Long) Support Plan
Buy over 135.98 target 152.26 stop loss @ 135.72.
The technical summary data tells us to buy VMW near 135.98 with an upside target of 152.26. This data also tells us to set a stop loss @ 135.72 to protect against excessive loss in case the stock begins to move against the trade. 135.98 is the first level of support below 150.88 , and by rule, any test of support is a buy signal. In this case, support 135.98 would be being tested, so a buy signal would exist.
VMW - (Short) Resistance Plan
Short under 152.26 target 135.98 stop loss @ 152.52.
The technical summary data is suggesting a short of VMW as it gets near 152.26 with a downside target of 135.98. We should have a stop loss in place at 152.52 though. 152.26 is the first level of resistance above 150.88, and by rule, any test of resistance is a short signal. In this case, if resistance 152.26 is being tested, so a short signal would exist.
