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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $83.24 on Sep 23, 2004 prices
rallied, reaching a
high of $88.10
on Oct 6, 2004. A
decline saw prices pull back, reaching a
low of
$84.29 on Oct 18, 2004.
Another rally saw prices penetrate
resistance, closing 10/27/04
at $90.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $86.75. Resistance: Is at $91.00.
Point & Figure: Reversed to the upside on Oct 22, 2004. A P&F upside
reversal takes place at $87.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $90.38 Stop: Use a protective stop of $87.63.
INT'L BUSINESS MACHINES is currently trading @ $90.00 plus $1.00 on Oct 27, 2004. Price Objective:
$101.50. Risk/Reward: $2.75 VS. $11.12. 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:
$101.50
Risk/Reward:
$2.75 VS. $11.12
Risk/Reward Ratio:
4:1
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