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International Business Machines Bullish Moving Average Crossover Alert (IBM)

By Amy Schwartz

Today, shares of International Business Machines (NYSE:IBM) have advanced above their 10-day MA of $152.58 on a volume of 889K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, International Business Machines share prices have been bracketed by a low of $116.90 and a high of $182.79 and are now at $153.69, 31% 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 International Business Machines on March 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $173.93. Since that call, shares of International Business Machines have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses International Business Machines

Ticker(s): IBM