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Ibm Bullish Moving Average Crossover Alert (IBM)

By Nick Russo

Ibm (NYSE:IBM) shares have crossed bullishly above their 10-day moving average of $139.70 on a volume of 224K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Ibm share prices have moved between a 52-week high of $154.36 and a 52-week low of $105.94 and are now trading 32% above that low price at $140.14 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ibm on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.75. Since that recommendation, shares of Ibm have risen 18.5%. We continue to monitor IBM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): IBM