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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $65.70 on Jul 24, 2002 prices
rallied, reaching a
high of $72.70
on Jul 30, 2002. A
decline saw prices pull back, reaching a
low of
$65.85 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/16/02
at $79.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 14, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $75.00. Resistance: Is at $80.95.
Point & Figure: Reversed to the upside on Aug 15, 2002. A P&F upside
reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $80.13 Stop: Use a protective stop of $77.63.
INT'L BUSINESS MACHINES is currently trading @ $79.35 plus $2.85 on Aug 16, 2002. Price Objective:
$102.00. Risk/Reward: $2.50 VS. $21.88. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$102.00
Risk/Reward:
$2.50 VS. $21.88
Risk/Reward Ratio:
9:1
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