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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $81 1/2 on Apr 20, 1999 prices
rallied, reaching a
high of $123.00
on May 13, 1999. A
decline saw prices pull back, reaching a
low of
$109.44 on Jun 2, 1999.
Another rally saw prices penetrate
resistance, closing 6/4/99
at $116.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 26, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $111 1/2. Resistance: Is at $118 3/8.
Point & Figure: Reversed to the upside on Jun 3, 1999. A P&F upside
reversal takes place at $114.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $116 1/8 Stop: Use a protective stop of $112 7/8.
INT'L BUSINESS MACHINES is currently trading @ $116.00 plus $3.06 on Jun 4, 1999. Price Objective:
$140.00. Risk/Reward: $3 1/4 VS. $23 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$140.00
Risk/Reward:
$3 1/4 VS. $23 7/8
Risk/Reward Ratio:
7:1
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