• Return to Headlines

Look for Shares of International Business Machines to Potentially Rebound after Yesterday's 1.01% Sell Off

By Amy Schwartz

International Business Machines (NYSE:IBM) traded in a range yesterday that spanned from a low of $142.90 to a high of $144.90. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $144.19 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 $143.76, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.65% higher over the past week, respectively.

Keywords: rebounders International Business Machines

Ticker(s): IBM