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TMCNet:  SmarTrend Watching for Potential Pullback in Shares of International Business Machines After 4.41% Gain

[January 23, 2013]

SmarTrend Watching for Potential Pullback in Shares of International Business Machines After 4.41% Gain

Jan 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- International Business Machines (NYSE:IBM) traded in a range yesterday that spanned from a low of $203.36 to a high of $208.58. Yesterday, the shares gained 4.4%, which took the trading range above the 3-day high of $196.08 on volume of 12.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


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, International Business Machines share prices have been bracketed by a low of $181.85 and a high of $211.79 and are now at $204.72, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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