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Upgrade Alert for VMware (VMW)
[March 14, 2013]

Upgrade Alert for VMware (VMW)

Mar 14, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- VMware (NYSE:VMW) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $81.37 on volume of 9.6 million shares, above average daily volume of 3.8 million. VMware Inc. develops virtual infrastructure solutions. The Company's products include vManage, which manages virtual infrastructure, vPlatform, a uniform platform for information technology infrastructure, and vTools, a virtual infrastructure integration tool.

VMware has overhead space with shares priced $81.37, or 17.2% below the average consensus analyst price target of $98.32. VMware shares should first meet resistance at the 50-day moving average (MA) of $82.74 and find additional resistance at the 200-day MA of $89.26.

VMware share prices have moved between a 52-week high of $118.79 and a 52-week low of $70.05 and closed yesterday at 16% above that low price at $81.37 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.


SmarTrend is tracking the current trend status for VMware and will alert subscribers who have VMW in their portfolio or watchlist when shares have changed trend direction.

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

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