>>> Join us to access robo analyses for over 16,000+ stocks! <<<
International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 130.47 and 123.46. If the stock breaks down through support at 130.47 then it will probably continue lower to 123.46. The stock has resistance at 132.17 and at 158.75. If the stock breaks up through resistance at 132.17 then it will probably continue higher to 158.75. The 200-day moving average is at 125.75. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<