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INTERNAT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $74.10 on Jun 10, 2005 prices
rallied, reaching a
high of $77.73
on Jun 17, 2005. A
decline saw prices pull back, reaching a
low of
$73.45 on Jun 28, 2005.
Another rally saw prices penetrate
resistance, closing 7/8/05
at $79.30. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 8, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $74.00. Resistance: Is at $79.66.
Point & Figure: Reversed to the upside on Jul 7, 2005. A P&F upside
reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! INTERNAT'L BUSINESS MACHINES
(IBM-NYSE) @ $79.63 Stop: Use a protective stop of $76.88.
INTERNAT'L BUSINESS MACHINES is currently trading @ $79.30 plus $1.92 on Jul 8, 2005. Price Objective:
$89.50. Risk/Reward: $2.75 VS. $9.87. 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:
$89.50
Risk/Reward:
$2.75 VS. $9.87
Risk/Reward Ratio:
4:1
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