Trade Idea - WMware
Thursday, November 29, 2007
( Yesterday close ) Chart courtesy of stockcharts

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.

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posted by Pro Investor Trader at 11:29 AM | Permalink


1 Comments:


At 8:47 AM, Blogger Virtual Staging

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