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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, 18 Aug 2017NoneBearish EngulfingThu, 17 Aug 2017-0.71%
***Stock database and scans are updated around midnight (New York time) every trading day.
139.70 0.00 (0%) Aug 18 4:01pm EDT
Open: 140.87 Range: 139.58 - 141.15 Vol: 0.91K Avg Vol: 3.97M
EPS: 12.05 P/E ratio: 11.59 EBITDA: 17.19B Mkt Cap: 130.19B
Analyze "IBM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 141.46
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 143.49
Last Trade is below the 50 day moving average at 149.48
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 162.34
* 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 trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that IBM has been range bound with a slight upward bias, having traded above the 200 SMA about 67% of the time. The medium term trend for IBM is extremely bearish and weak, having traded almost 94% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. IBM may be long overdue for a good oversold bounce, but objectively, as long as IBM is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a long term buy on this stock at this moment. 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 $159.86* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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