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Too Many Clouds?

Posted by StockBuz on June 2, 2013 at 8:11am
I had thought last years market darling VMW would fill the overhead gap however it's pattern at this point has cause for concern. Looking deeper it is apparent they are losing market share to competitors http://screencast.com/t/cGl5pD1o8 and this could be showing in the stock price as a bearish descending triangle may be forming. One could also call it a bullish triple bottom but if the overall market corrects here, I think the former will play out and VMW will see $60 much sooner than anticipated. The gap may have to wait.

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Tags: cloud, vmw
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