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INT'L BUSINESS MACHINES
(IBM-NYSE):
Technical Viewpoint: From a low
of $95.20 on Apr 16, 2001 prices
rallied, reaching a
high of $118.95
on May 2, 2001. A
decline saw prices pull back, reaching a
low of
$111.20 on May 4, 2001.
Another rally saw prices penetrate
resistance, closing 5/8/01
at $117.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $112.00. Resistance: Is at $119.00.
Point & Figure: Reversed to the upside on May 7, 2001. A P&F upside
reversal takes place at $114.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES
(IBM-NYSE) @ $117.87 Stop: Use a protective stop of $114.87.
INT'L BUSINESS MACHINES is currently trading @ $117.20 plus $1.80 on May 8, 2001. Price Objective:
$130.00. Risk/Reward: $3.00 VS. $12.13. 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:
$130.00
Risk/Reward:
$3.00 VS. $12.13
Risk/Reward Ratio:
4:1
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