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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $54.01 on Oct 10, 2003 prices
rallied, reaching a
high of $89.46
on Dec 2, 2003. A
decline saw prices pull back, reaching a
low of
$75.60 on Dec 30, 2003.
Another rally saw prices penetrate
resistance, closing 1/7/03
at $86.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $77.50. Resistance: Is at $89.46.
Point & Figure: Reversed to the upside on Jan 3, 2003. A P&F upside
reversal takes place at $81.25. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $86.25 Stop: Use a protective stop of $83.50.
INT'L BUSINESS MACHINES is currently trading @ $86.00 plus $2.41 on Jan 7, 2003. Price Objective:
$97.00. Risk/Reward: $2.75 VS. $10.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$97.00
Risk/Reward:
$2.75 VS. $10.75
Risk/Reward Ratio:
4:1
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