International Business Machines Corp Stock Code IBM.NYS
Price broke above the cloud in the previous trading session and this could be a sign that the bearish trend or correction could be over and a new bullish price trend could have begun. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover, hinting of a bullish price trend ahead. MACD had also given a bullish divergence warning, hinting of a price low at $133. We think price is likely to move higher to the previous price high at $150.06 in the next 2-3 weeks.
$150.00 Price Target
$137.30 Risk Management Stop
3 weeks Trade Duration