• Return to Headlines

International Business Machines Crosses Above its 10-day MA (IBM)

By James Quinn

International Business Machines (NYSE:IBM) crossed over its 10-day moving average of $152.26 on a volume of 1.6 million 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 $176.30 and are now at $152.70, 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 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

Ticker(s): IBM