Mark Holden Blog | IBM Shows Signs Of Weakness Technically | TalkMarkets
Professional Trader and Analysist
Contributor's Links: Chartreaderpro
Professional Trader and Analyst, Founder of Chartreaderpor.com.

IBM Shows Signs Of Weakness Technically

Date: Saturday, November 16, 2019 11:47 AM EDT
Instrument IBM
Time Frame DAILY
   
Fundamentals Price: $134.26
  Dividend Yield: 4.8%
  Current Dividend Annualized: $6.48
  Normalized Diluted Earnings Per Share (TTM): $8.32
  Earnings Report: 10/17/19
  Next Earnings Report:  1/22/20
Recommendation Large Diversified Dividend Portfolios / Should Be Considered
  Looking For Exposure to Technology Sector / Should Be Considered
  Deep Value Investors / Should Be Considered
   
   
   
   
Technicals Stock is pricing below EMA50 SMA100 SMA200 Daily
  Trading in a triangle
  Potential Bearish Breakout of the triangle 131.000
   
   
Main Trend Neutral
The direction in The Chart Down
Pattern/ Signal Triangle Breakout
Trade Signal Sell
Accuracy 64%
Estimated Completion Time 4-9 D1 Chart
Entry 1 131.000
Entry 2  
Invalidation Level ( Stop Loss) 134.500
Target 1 128.120
Target 2 125.00
Target 3 121.880
Target 4 118.100
   
   

 

 

 

 

 

 

 

 

 

 

 

 

Bullish Butterfly Pattern would be completed at 117.500. 

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