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Ibm Bullish Moving Average Crossover Alert (IBM)

By David Diaz

Today, shares of Ibm (NYSE:IBM) have advanced above their 10-day MA of $142.13 on a volume of 3.1 million 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 $146.69, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ibm on June 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $136.20. Since that recommendation, shares of Ibm have risen 5.0%. We continue to monitor IBM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): IBM