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INT'L BUSINESS MACH
(IBM-NYSE):
Technical Viewpoint: From a low
of $109.44 on Jun 2, 1999 prices
rallied, reaching a
high of $139.19
on Jul 13, 1999. A
decline saw prices pull back, reaching a
low of
$117.56 on Aug 5, 1999.
Another rally saw prices penetrate
resistance, closing 8/16/99
at $127.38. Technicals: Demand Index (DI): A Buy Alert!
was given on Aug 11, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $121.00. Resistance: Is at $132 1/8.
Point & Figure: Reversed to the upside on Aug 13, 1999. A P&F upside
reversal takes place at $123.00. Summary: Technical indicators have turned bullish. BUY! Int'l Business Mach
(IBM-NYSE) @ $128 1/8 Stop: Use a protective stop of $124 7/8.
Int'l Business Mach is currently trading @ $127.38 plus $4.00 on Aug 16, 1999. Price Objective:
$141.00. Risk/Reward: $3 1/4 VS. $12 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$141.00
Risk/Reward:
$3 1/4 VS. $12 7/8
Risk/Reward Ratio:
4:1
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