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INTERNAT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $111.81 on Nov 29, 2002 prices
rallied, reaching a
high of $124.70
on Dec 19, 2002. A
decline saw prices pull back, reaching a
low of
$119.80 on Jan 2, 2002.
Another rally saw prices penetrate
resistance, closing 1/4/02
at $125.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $121.00. Resistance: Is at $126.63.
Point & Figure: Reversed to the upside on Jan 3, 2002. A P&F upside
reversal takes place at $122.00. Summary: Technical indicators have turned bullish. BUY! Internat'l Business Machines
(IBM-NYSE) @ $125.63 Stop: Use a protective stop of $122.75.
Internat'l Business Machines is currently trading @ $125.60 plus $1.94 on Jan 4, 2002. Price Objective:
$150.00. Risk/Reward: $2.88 VS. $24.88. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$150.00
Risk/Reward:
$2.88 VS. $24.88
Risk/Reward Ratio:
8:1
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