The Hourly View for IBM
Last Updated October 16, 2020, 23:15 GMT
At the time of this writing, IBM’s price is up $0.08 (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
International Business Machines Corp Daily Price Recap
125.93 was the closing price of the day for International Business Machines Corp, resulting in today being one in which price moved up 0.83% ($1.04) from the day prior. As for how volume fared, yesterday’s volume was up 38.1% from the previous day (Wednesday), and up 66.05% from Thursday of the week before. Let’s take a look at the daily price chart of International Business Machines Corp.
International Business Machines Corp Technical Analysis
First things first: International Business Machines Corp crossed above its 200 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that International Business Machines Corp’s price has gone up 15 of the previous 30 trading days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about IBM:
I am a seller of $QQQ as I think we may see the broader NASDAQ 100 index lag the performance of individual shares as some of its leadership rolls over. I would counterbalance this sale by having exposure to undervalued techs like $IBM, and undervalued defensives like $T.