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Ibm Crosses Below its 10-day MA (IBM)

By David Diaz

Today, shares of Ibm (NYSE:IBM) have crossed bearishly below their 10-day moving average of $153.63 on a volume of 1.1 million 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 $142.50 and a high of $182.79 and are now at $153.52, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ibm on March 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $173.93. Since that call, shares of Ibm have fallen 11.3%. 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