• Return to Headlines

After Yesterday's Decline of 1.12%, Ibm Offers Investors Better Value

By Nick Russo

Ibm (NYSE:IBM) traded in a range yesterday that spanned from a low of $130.69 to a high of $132.05. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $132.48 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ibm have traded between a low of $105.94 and a high of $152.95 and are now at $131.47, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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: rebounders

Ticker(s): IBM