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Bearish Moving Average Cross by Ibm (IBM)

By David Diaz

Today, shares of Ibm (NYSE:IBM) have fallen below their 10-day MA of $135.59 on a volume of 370K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ibm have traded between a low of $105.94 and a high of $154.36 and are now at $134.18, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.

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

Keywords: moving crosses

Ticker(s): IBM