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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $101.00 on Jan 30, 2002 prices
rallied, reaching a
high of $109.15
on Feb 14, 2002. A
decline saw prices pull back, reaching a
low of
$95.76 on Feb 22, 2002.
Another rally saw prices penetrate
resistance, closing 3/12/02
at $108.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 1, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $104.00. Resistance: Is at $109.00.
Point & Figure: Reversed to the upside on Mar 12, 2002. A P&F upside
reversal takes place at $105.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $108.88 Stop: Use a protective stop of $105.88.
INT'L BUSINESS MACHINES is currently trading @ $108.50 plus $3.26 on Mar 12, 2002. Price Objective:
$126.00. Risk/Reward: $3.00 VS. $17.13. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$126.00
Risk/Reward:
$3.00 VS. $17.13
Risk/Reward Ratio:
6:1
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