Vmware (VMW) NewsBite - VMW Hits 52-Week High
Posted: Friday, March 05, 2010 2:56 PM EDT
By: Market Intelligence Center Staff
Vmware (NYSE: VMW) hit a new 52-Week high of $54.15 so far today. Currently the stock is up $1.78 (3.44%) to $53.55 on 1,903,448 shares traded. Today's high is up $34.40 from a 52-Week Low of $19.15. Vmware stock has been showing support around $49.73 and resistance in the $53.05 range. Technical indicators for the stock are neutral and S&P gives VMW a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VMW the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 48 range. [ABR-Seven Summits Strategic Investments NewsBite]
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