IBM buoyed by positive pattern - Analysis - 13-06-2018
2018-06-13 12:27:41 GMT (Economies.com)
IBM buoyed by positive pattern - Analysis - 13-06-2018
 

IBM's stock rose in the intraday levels, scoring a fresh profit of 0.20% in the last session, or 0.29 points, as the stock gets buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, shaking off the negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, as long as it settles above 146.20, targeting the resistance of 152.09 as a price target for that forming technical pattern. 

 
 
 
  Symbol Last Change Chg.%
1.1379
0.0000
0.0013%
1.2715
-0.0030
0.2389%
14.751
-0.559
3.655%
65.390
-2.400
3.540%
71.49
0.37
0.52%
1179.595
-31.705
2.617%
 
 
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