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Ibm Shares Down 18.1% Since SmarTrend's Sell Call (IBM)

By Amy Schwartz

SmarTrend identified a Downtrend for Ibm (NYSE:IBM) on March 22nd, 2017 at $173.93. In approximately 5 months, Ibm has returned 18.07% as of today's recent price of $142.50.

Over the past year, Ibm has traded in a range of $140.58 to $182.79 and is now at $142.50, 1% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

International Business Machines Corporation (IBM) provides computer solutions through the use of advanced information technology. The Company's solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ibm.

Log in and add Ibm (IBM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights

Ticker(s): IBM