Mon Aug 09, 2010 4:36 pm   Reply with quote      

International Business Machines Corp. (NYSE:IBM) is knocking on a key resistance and possible breakout level on the intra day chart at $132.00. This level matches the high pivot from last Thursday. IBM has roared back after getting hit on earnings a few weeks ago that did not quite match Wall Streets lofty expectations. The stock is now just sitting slightly below the 52 week high of $134.25. Note the chart below. For more in depth analysis, guidance and swing trades, join the Research Center.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com