MarthaStokesCMT-TechniTrader

IBM: Completing a bottom with rising volume ahead of earrnings

Long
NYSE:IBM   International Business Machines Corporation
IBM is completing an intermediate-term bottom with a breakout from a consolidation, rising above the bottom resistance level and prior sideways action before the downtrend last summer. The stock has rising volume which is a positive sign for this run ahead of the earnings report in 2 weeks.


Martha Stokes, CMT
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