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International Business Machines Rises 1.07% on Heavy Volume: Watch For Potential Pullback
[December 18, 2012]

International Business Machines Rises 1.07% on Heavy Volume: Watch For Potential Pullback

Dec 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- International Business Machines (NYSE:IBM) traded in a range yesterday that spanned from a low of $193.84 to a high of $195.92. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $193.91 on volume of 4.1 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 recommended that its subscribers protect gains by selling shares of International Business Machines on October 17th, 2012 by issuing a Downtrend alert when the shares were trading at $200.98. Since that call, shares of International Business Machines have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, International Business Machines has traded in a range of $177.35 to $211.79 and is now at $195.66, 10% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.


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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