1
VMware stock price closed at $162.55 while witnessing a gain of 0.34% during the last intraday session.
2
VMW stock trades above 20, 50, 100, and 200-day exponential moving averages.
3
The year-to-date return of VMware stock is 32.72%.
VMware stock price has been in a strong bullish rally since the start of March 2023, rising from the low of $109 and forming a high of $170. The stock price surged approximately 55.30% from the low.
Recently, VMW faced strong rejection near the $170 level, and the bullish move was halted. The stock price retraced and formed a support at $154.50. It re-gained bullish momentum in hopes of retesting the annual high.
The 24th August candle closed as a strong bearish candle and the last candle closed as a bullish candle with a slightly longer lower wick to the downside. It indicates that bulls are trying to protect the price from falling below $160.50.
Source: VMW Stock Price By TradingView.
If bears ca
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