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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
Tue, 27 Jun 2017NoneBullish EngulfingThu, 15 Jun 20170.34%
***Stock database and scans are updated around midnight (New York time) every trading day.
154.75 0.00 (0%) Jun 27 4:04pm EDT
Open: 155.00 Range: 154.50 - 155.34 Vol: 0.04K Avg Vol: 4.6M
EPS: 12.16 P/E ratio: 12.73 EBITDA: 17.94B Mkt Cap: 145.39B
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 154.44
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 145.12
Last Trade is below the 50 day moving average at 156.01
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 163.14
* 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)?

Although IBM is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, IBM has been trading above the 200 day moving average for 85% of the time with an average daily volume of 4.6M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.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 is very weak and displaying very bearish bias. IBM may be due for an 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 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 $165.07* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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