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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $100 on Jul 6, 2000 prices
rallied, reaching a
high of $117.81
on Jul 20, 2000. A
decline saw prices pull back, reaching a
low of
$108 7/8 on Jul 28, 2000.
Another rally saw prices penetrate
resistance, closing 8/25/00
at $129.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 25, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $120.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 24, 2000. A P&F upside
reversal takes place at $124 1/2. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $130 1/8 Stop: Use a protective stop of $126 7/8.
INT'L BUSINESS MACHINES is currently trading @ $129.00 plus $4.19 on Aug 25, 2000. Price Objective:
$150.00. Risk/Reward: $3 1/4 VS. $19 7/8. 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:
$150.00
Risk/Reward:
$3 1/4 VS. $19 7/8
Risk/Reward Ratio:
6:1
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