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VMware Gets Smacked



January 25, 2011 – Comments (0)

VMware Inc.(NYSE:VMW) has been a leading technology stock ever since it was spun off from EMC Corp.(NYSE:EMC). This morning the stock is under pressure after reporting earnings. The stock is trading lower by over 5.0 percent. VMware stock will have some short term intra-day support around the $81.45 level. Traders can look for a small intra-day bounce around this level. Should the stock decline below the $81.45 support area the next support level will be around the $80.00 area.

Nicholas Santiago

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