International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 141.67 suggesting the next level of support is 133.24. The long-term uptrend has now turned neutral.

The stock has support at 133.24. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.69. This will also act as resistance. If the stock closes below 133.24 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is extremely oversold according to the Stochastic Indicator (23.61).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 141.04 suggesting the next level of support is 132.76. The long-term uptrend has now turned neutral.

The stock has support at 132.76. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.71. This will also act as resistance. If the stock closes below 132.76 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (43.16).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 140.73 suggesting the next level of support is 132.52. The long-term uptrend has now turned neutral.

The stock has support at 132.52. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.71. This will also act as resistance. If the stock closes below 132.52 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (51.56).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 140.10 suggesting the next level of support is 132.06. The long-term uptrend has now turned neutral.

The stock has support at 132.06. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.67. This will also act as resistance. If the stock closes below 132.04 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (45.71).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 139.79 suggesting the next level of support is 137.84. The long-term uptrend has now turned neutral.

The stock has support at 137.84 and 130.90. If the stock breaks down through support at 137.84 then it will probably continue lower to 130.90. The stock will meet resistance at 138.25 and 145.46. If the stock breaks up through resistance at 138.25 then it will probably continue higher to 145.46. The 200-day moving average is at 138.57. This will also act as resistance. If the stock closes below 131.80 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is neutral according to the Stochastic Indicator (36.18).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 139.47 suggesting the next level of support is 131.56. The long-term uptrend has now turned neutral.

The stock has support at 131.56. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.42. This will also act as resistance. If the stock closes below 131.56 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (27.43).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 139.00 suggesting the next level of support is 131.20. The long-term uptrend has now turned neutral.

The stock has support at 131.20. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 138.22. This will also act as resistance. If the stock closes below 131.20 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (25.88).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 138.38 suggesting the next level of support is 130.72. The long-term uptrend has now turned neutral.

The stock has support at 130.72. The stock will meet resistance at 137.84 and 145.46. If the stock breaks up through resistance at 137.84 then it will probably continue higher to 145.46. The 200-day moving average is at 137.94. This will also act as resistance. If the stock closes below 130.72 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is extremely oversold according to the Stochastic Indicator (21.14).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 137.91 suggesting the next level of support is 130.36. The long-term uptrend has now turned neutral.

The stock has support at 130.36. The stock will meet resistance at 137.06 and 145.45. If the stock breaks up through resistance at 137.06 then it will probably continue higher to 145.45. The 200-day moving average is at 137.68. This will also act as resistance. If the stock closes below 130.36 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (30.11).”

International Business Machines Corporation (IBM) “On a long-term technical basis, the stock (IBM) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 145.06 suggesting the next support level is at 140.51. This weakness suggests the long-term trend is turning neutral.

The stock has support at 140.51 and 130.12. If the stock breaks down through support at 140.51 then it will probably continue lower to 130.12. The stock will meet resistance at 145.06 and 152.95. If the stock breaks up through resistance at 145.06 then it will probably continue higher to 152.95. The 200-day moving average is at 137.48. This will also act as support. The stock is neutral according to the Stochastic Indicator (39.80).”