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Watch for Ibm to Potentially Rebound After Falling 2.08% Yesterday

Oct 08, 2019 (SmarTrend(R) News Watch via COMTEX) --
Ibm (NYSE:IBM) traded in a range yesterday that spanned from a low of $138.29 to a high of $140.47. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $139.18 on volume of 1.1 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 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 $152.95 and a 52-week low of $105.94 and are now trading 31% above that low price at $138.34 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.

Write to SmarTrend at cs@mysmartrend.com

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