International Business Machines Bullish Moving Average Crossover Alert (IBM)
International Business Machines (NYSE:IBM) shares have crossed bullishly above their 10-day moving average of $154.97 on a volume of 670K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, International Business Machines has traded in a range of $116.90 to $176.30 and is now at $156.20, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for International Business Machines and will alert subscribers who have IBM in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses International Business Machines