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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $112.56 on Jun 11, 1999 prices
rallied, reaching a
high of $138 7/8
on Jul 19, 1999. A
decline saw prices pull back, reaching a
low of
$122 5/8 on Jul 23, 1999.
Another rally saw prices penetrate
resistance, closing 7/28/99
at $128 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 22, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $126.00. Resistance: Is at $132 1/2.
Point & Figure: Reversed to the upside on Jul 28, 1999. A P&F upside
reversal takes place at $123.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $128 3/4 Stop: Use a protective stop of $125 3/4.
INT'L BUSINESS MACHINES is currently trading @ $128 3/8 plus $2 1/8 on Jul 28, 1999. Price Objective:
$152.00. Risk/Reward: $3.00 VS. $23 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$152.00
Risk/Reward:
$3.00 VS. $23 1/4
Risk/Reward Ratio:
8:1
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