IBM's stock declined in the intraday levels on profit-taking on profit-taking while gathering momentum to rise anew, as it trades alongside the upward correctional short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI, marking a loss of 0.31%, or 43 cents, and settling at 138.84, with trading volumes approaching 8 million shares, above 10-day averages of 5 million shares.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 142.20.
Expected trend for today: Bullish