IBM Crosses Above Key Moving Average Level

In trading on Tuesday, shares of International Business Machines crossed above their 200 day moving average of $129.18, changing hands as high as $132.17 per share. International Business Machines shares are currently trading up about 1.7% on the day.

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The chart below shows the one year performance of IBM shares, versus its 200 day moving average:

Looking at the chart above, IBM’s low point in its 52 week range is $90.56 per share, with $158.75 as the 52 week high point — that compares with a last trade of $128.59. The IBM DMA information above was sourced from TechnicalAnalysisChannel.com

Source: https://www.forbes.com/sites/dividendchannel/2020/07/21/ibm-crosses-above-key-moving-average-level/