International Business Machines Corp. (NYSE:IBM)
International Business Machines Corp. (NYSE:IBM)
Technical Features:
A: Support at $130.
B: Support at $150.
C: Uptrend.
D: Broken uptrend.
Technical Analysis:
With one uptrend (D) already broken, IBM is a hold. If the latest uptrend (C) is broken, sell with an expectation of a move to support (B) at $150. If support (B) at $150 breaks, expect a move to support (A) at $130.
Summary: Hold.
