IBM (IBM) Closes Last Hour Down $-0.26; Crosses 200 Day Moving Average, 3 Day Down Streak Ended, Nears 200 Day Moving Average

The Hourly View for IBM

Last Updated October 15, 2020, 02:020 GMT

At the time of this writing, IBM’s price is up $1.08 (0.86%) 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 100 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

The end of a 3 day negative run has come for International Business Machines Corp, which finished the previous day up 0.67% ($0.84). The price move occurred on volume that was down 31.36% from the day prior, but up 21.6% from the same day the week before. The daily price chart of International Business Machines Corp below illustrates.

IBM

International Business Machines Corp Technical Analysis

Notably, International Business Machines Corp crossed above its 200 day moving average yesterday. The clearest trend exists on the 14 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 7 of the previous 14 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about IBM:

    $IBM I wrote a poem for ibm. Oh ibm. I rememeber you when I was 10. You are as old as dirt. But webull does not show your worth. Let's make me rich with your options. They expire on Friday so keep pumping. IBM I wish u were my bitch. But o ly if you make me RICH!!!!!! BY FRIDAY… THE END

    cuspibater