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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $87.10 on Mar 22, 2001 prices
rallied, reaching a
high of $100.00
on Mar 27, 2001. A
decline saw prices pull back, reaching a
low of
$90.05 on Apr 4, 2001.
Another rally saw prices penetrate
resistance, closing 4/17/01
at $99.70. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 27, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $96.25. Resistance: Is at $97.50.
Point & Figure: Reversed to the upside on Apr 9, 2001. A P&F upside
reversal takes place at $94.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $100.12 Stop: Use a protective stop of $97.25.
INT'L BUSINESS MACHINES is currently trading @ $99.70 plus $2.95 on Apr 17, 2001. Price Objective:
$109.00. Risk/Reward: $2.87 VS. $8.88. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$109.00
Risk/Reward:
$2.87 VS. $8.88
Risk/Reward Ratio:
3:1
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