Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • VMW Inc Is Trading Higher, But For How Long? 0 comments
    Jul 23, 2014 11:28 AM | about stocks: VMW

    This morning, the leading virtualization infrastructure solutions provider VMW Inc (NYSE:VMW) is trading higher after report earnings. While the stock is trading higher today on the back of the news it could be coming under distribution in the near future. You see, the weekly time-frame on VMW has been consolidating in a very bearish manner over the past three months. Traders and investors should note that anytime a stock consolidates sideways after a major decline it is setting up to resume selling in that direction again. This pattern is very evident on the weekly and monthly charts. When a break-down does occur in the stock the projected target would be for a decline into the $85.00 area.

    Nick Santiago
    InTheMoneyStocks.com

    Stocks: VMW
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    about 11 hours ago
  • $YELP Forming Bearish Chart.... http://bit.ly/YelpChart
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock. http://bit.ly/WMTAlert
    Apr 10, 2015
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.