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VMware’s Volatility and Relative Strength Index after Fiscal 3Q18

VMware’s Volatility and Relative Strength Index after Fiscal 3Q18

Earlier in this series, we looked at VMware’s (VMW) select technical indicators. Its 14-day RSI is 79, indicating that VMW stock is currently in an overbought territory. An RSI figure higher than 70 indicates that the stock has been overbought and may fall soon, while an RSI figure below 30 suggests that a stock has been oversold and might pick up in the near future.