|
INTERNAT BUSINESS MACH
(IBM-NYSE):
Technical Viewpoint: From a low
of $73.17 on Mar 12, 2003 prices
rallied, reaching a
high of $84.90
on Mar 21, 2003. A
decline saw prices pull back, reaching a
low of
$78.13 on Apr 10, 2003.
Another rally saw prices penetrate
resistance, closing 4/15/03
at $82.79. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 15, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $78.50. Resistance: Is at $83.48.
Point & Figure: Reversed to the upside on Apr 15, 2003. A P&F upside
reversal takes place at $80.25. Summary: Technical indicators have turned bullish. BUY! INTERNAT BUSINESS MACH
(IBM-NYSE) @ $82.88 Stop: Use a protective stop of $80.13.
INTERNAT BUSINESS MACH is currently trading @ $82.79 plus $2.72 on Apr 15, 2003. Price Objective:
$102.75. Risk/Reward: $2.75 VS. $19.88. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$102.75
Risk/Reward:
$2.75 VS. $19.88
Risk/Reward Ratio:
7:1
|
