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Bullish Moving Average Cross by Ibm (IBM)

By Amy Schwartz

Ibm (NYSE:IBM) crossed over its 10-day moving average of $134.63 on a volume of 726K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ibm share prices have been bracketed by a low of $105.94 and a high of $154.36 and are now at $134.76, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Ibm on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $142.13. Since that call, shares of Ibm have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): IBM