Trade Idea - WMware
Thursday, November 29, 2007
VMware shares are in focus on the floor today after Merrill Lynch upgrades stock to Buy from Neutral. Looking at the chart, stock has been under a strong selling pressure since the start of the month. VMware shares dropped nearly 45% since the highs in October, provoking an enormous panic on investors. At this moment, we start to see some improvement in overall indicators, however only a close above $92 will attract the Bulls again, so keep an eye on this baby to see if Merrill Lynch news will move up stock again.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: VMW
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