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International Business Machines Falling Today on Above-Average Volume (IBM)

By Shiri Gupta

International Business Machines's stock is down 3.6% to $149.14 on heavy trading volume. About 5.3 million shares have been traded today, as compared to the 30-day average volume of 4.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in International Business Machines. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of International Business Machines in search of a potential trend change.

In the past 52 weeks, shares of International Business Machines have traded between a low of $116.90 and a high of $176.30 and are now at $149.22, which is 28% 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%.

Keywords: unusual volume International Business Machines

Ticker(s): IBM