INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $54.01 on Oct 10, 2002 prices
rallied, reaching a
high of $83.81
on Nov 4, 2002. A
decline saw prices pull back, reaching a
low of
$76.70 on Nov 11, 2002.
Another rally saw prices penetrate
resistance, closing 11/20/02
at $81.61. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $78.50. Resistance: Is at $83.81.
Point & Figure: Reversed to the upside on Nov 13, 2002. A P&F upside
reversal takes place at $78.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $81.75 Stop: Use a protective stop of $79.13.
INT'L BUSINESS MACHINES is currently trading @ $81.61 plus $3.24 on Nov 20, 2002. Price Objective:
$94.00. Risk/Reward: $2.63 VS. $12.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$94.00
Risk/Reward:
$2.63 VS. $12.25
Risk/Reward Ratio:
5:1
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