International Business Machines Corp. (NYSE:IBM)
Technical Features:
A: ?Long-term uptrend.
B: ?Support at $140.
C: ?Short-term support at $160.
D: ?Support at $120.
Technical Analysis:?
IBM appears to be having some problem in the $160 to $180 range. ?If IBM breaks short-term support (C) at $160, continue to hold as long as it stays above the long-term uptrend (A) and support (B) at $140. ?A break of support (B) would be a strong sell signal with an initial target of support (D) at $120. ?If you are thinking of buying, wait until IBM clears the $180 level.?
Summary: ?Buy. ?
Source: http://hipegg.blogspot.com/2011/07/international-business-machines-corp.html
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