IBM trims gains - Analysis - 06-11-2019

Economies.com
2019-11-06 13:29PM UTC

IBM's stock rose to a session-high at 138.68, bouncing off it lower amid pressure from the 50-day SMA, with positive signals from the RSI and amid the dominance of the long-term upward trend. 

 

Therefore we expect more gains for the stock, targeting the resistance of 141.20. 

 

Expected trend for today: Bullish 

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