VMware, Inc VMW share outlook jan 2013

VMware, Inc VMW share currently trading at 77.92 with loss of almost 21%.on mixed numbers and weak forecast share trading near fresh 52 weeks low.

on above chart we can see VMW share bottomed out neat 20 and strong buying almost roused share by 5 times in 3 years time period.today move is technical breakout on downside and now VMW share has downward targets for 2013.

below 97$ trend is down for 2013 and first support if 76 if closed below this support on weekly basis then next major level and target will be 58.on monthly chart indicators already given sell signal at 100 mark and that given result today after long consolidation and range bound moves.

VMW share trading with 33.32b market cap and at PE of 45.