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Shares of Ibm Down on Above Average Volume, Moving Against Trend (IBM)

By Amy Schwartz

Ibm's stock is down 2.3% to $141.74 on heavy trading volume. Approximately 5.4 million shares have changed hands today vs. average 30-day volume of 3.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Ibm share prices have moved between a 52-week high of $162.00 and a 52-week low of $105.94 and are now trading 30% above that low price at $137.48 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: unusual volume

Ticker(s): IBM