Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
IBM's stock rose while still moving alongside the downward short-term trend line, with negative pressure from the 50-day SMA, while the RSI reached overbought levels, with the stock scoring a 0.67% profit in the last session, or 0.98 points.
Therefore we expect the stock to return lower, as long as the resistance of 147.41 holds on, targeting the support of 142.33.
Expected trend for today: Bearish