• Return to Headlines

Ibm Crosses Above its 10-day MA (IBM)

By James Quinn

Today, shares of Ibm (NYSE:IBM) have advanced above their 10-day MA of $141.95 on a volume of 142K 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 $152.95 and are now at $143.35, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Ibm and will alert subscribers who have IBM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): IBM