IBM gathers positive momentum - Analysis - 26-07-2019

IBM's stock moved within a tight range of trading while venting off overbought saturation in the RSI, gathering momentum to help it rise anew, amid the dominance of the upward trend in the medium and short terms, with positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 145.35, as long as the support of 140.00 holds on. 

Expected trend for today: Bullish