IBM widens gains - Analysis - 05-10-2021

IBM's stock rose 0.55% in the last session and settled at 144.11, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, provided the support of 137.10 holds on, targeting the pivotal resistance of 152.70.

Expected trend for today: Bullish