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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $54.01 on Oct 10, 2002 prices
rallied, reaching a
high of $83.81
on Nov 4, 2002. A
decline saw prices pull back, reaching a
low of
$76.70 on Nov 11, 2002.
Another rally saw prices penetrate
resistance, closing 11/25/02
at $86.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $80.75. Resistance: Is at $86.49.
Point & Figure: Reversed to the upside on Nov 21, 2002. A P&F upside
reversal takes place at $82.50. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $86.38 Stop: Use a protective stop of $83.63.
INT'L BUSINESS MACHINES is currently trading @ $86.20 plus $1.77 on Nov 25, 2002. Price Objective:
$111.25. Risk/Reward: $2.75 VS. $24.88. 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:
$111.25
Risk/Reward:
$2.75 VS. $24.88
Risk/Reward Ratio:
9:1
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