SmarTrend Watching for Potential Pullback in Shares of BMC Software After 6.69% Gain
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
 
| More
TMCnews
[February 02, 2012]

SmarTrend Watching for Potential Pullback in Shares of BMC Software After 6.69% Gain

Feb 02, 2012 (SmarTrend(R) News Watch via COMTEX) -- BMC Software (NYSE:BMC) traded in a range yesterday that spanned from a low of $35.96 to a high of $38.84. Yesterday, the shares gained 6.7%, which took the trading range above the 3-day high of $36.82 on volume of 5.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, shares of BMC Software have traded between a low of $31.62 and a high of $56.55 and are now at $38.26, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in BMC Software. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BMC Software in search of a potential trend change.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To TMCnet.com's Homepage ]


Featured White Papers
Top Stories
Related VoIP News

blog comments powered by Disqus


Upcoming Events

October 2- 5, 2012
The Austin Convention Center
Austin, Texas
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>

Subscribe FREE to all of TMC's monthly magazines. Click here now.