Downgrade Alert for VMware (VMW)

Jan 29, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- VMware (NYSE:VMW) was downgraded from Conviction Buy to Buy at Goldman Sachs today. The stock closed yesterday at $98.32 on volume of 4.9 million shares, above average daily volume of 1.7 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.

There is potential upside of 10.7% for shares of VMware based on a current price of $98.32 and an average consensus analyst price target of $108.83. The stock should discover initial support at its 200-day moving average (MA) of $94.15 and subsequent support at its 50-day MA of $92.84.

VMware share prices have moved between a 52-week high of $118.79 and a 52-week low of $79.46 and closed yesterday at 24% above that low price at $98.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in VMware. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of VMware 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

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