Vmware (VMW) NewsBite - VMW Upgraded By Jefferies & Co.
Posted: Monday, October 12, 2009 1:21 PM EDT
By: Market Intelligence Center Staff
Vmware (VMW) was upgraded today by analysts at Jefferies & Co. and the stock is now at $43.60, up $1.21 (2.85%) on volume of 1,308,750 shares traded. The brokerage upgraded VMW to Hold from Underperform. Over the last 52 weeks the stock has ranged from a low of $17.25 to a high of $42.62. Vmware stock has been showing support around $41.29 and resistance in the $43.17 range. Technical indicators for the stock are bearish and S&P gives VMW a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on VMW the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 38 range. [ABR-Seven Summits Strategic Investments NewsBite]
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