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INT'L BUSINESS MACH
(IBM-NYSE):
Technical Viewpoint: From a low
of $106.88 on Nov 1, 2001 prices
rallied, reaching a
high of $117.00
on Nov 13, 2001. A
decline saw prices pull back, reaching a
low of
$111.81 on Nov 29, 2001.
Another rally saw prices penetrate
resistance, closing 12/5/01
at $121.51. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $114.50. Resistance: Is at $126.62.
Point & Figure: Reversed to the upside on Dec 15, 2001. A P&F upside
reversal takes place at $118.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACH
(IBM-NYSE) @ $122.13 Stop: Use a protective stop of $119.13.
INT'L BUSINESS MACH is currently trading @ $121.51 plus $4.87 on Dec 5, 2001. Price Objective:
$142.00. Risk/Reward: $3.00 VS. $19.88. 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:
$142.00
Risk/Reward:
$3.00 VS. $19.88
Risk/Reward Ratio:
7:1
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