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International Business Machines Corporation (IBM) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Manufacturing
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneDojiThu, 05 Oct 201710.46%
***Stock database and scans are updated around midnight (New York time) every trading day.
159.55 0.00 (0%) Oct 23 4:00pm EDT
Open: 162.05 Range: 159.54 - 162.51 Vol: 5.78M Avg Vol: 4.27M
EPS: 12.05 P/E ratio: 13.45 EBITDA: 17.19B Mkt Cap: 151.04B
Analyze "IBM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 155.17
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 148.79
Last Trade is above the 50 day moving average at 145.50
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 158.66
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of IBM

Stock Trend Analysis - Buy, Sell or Hold "International Business Machines Corporation" (IBM)?

IBM is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 51% of the time spent trading above the 200 day moving average. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average has been quite bullish with price trading above the 20 SMA for 97.5% of the time during the last two months. IBM may strengthen further and breakout into a strong long term trend or fall back into the trading range. The bearish bias of the 50 SMA is of concern, which may indicate weakness which starts off a trend reversal. Objectively however, the high probability trade is to still buy dips but selectively at strong support areas like the 200 SMA at 158.66. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "IBM".

The analyst consensus estimates for the 1 year price target for this stock is $160.59* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017
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