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IBM Knocks On The Door Of Resistance At $132.00 - Reply to topic

> inthemoneystocks


Joined: 15 Apr 2010
Posts: 22

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Post 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




ukcitymedia.co.uk Forum Index - Share Club -Postings for UK investment related issues - IBM Knocks On The Door Of Resistance At $132.00 - Reply to topic

 



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