International Business Machine IBM Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for IBM
  • Buy IBM over 138.11 target 145.76 stop loss @ 137.71 Details
  • The technical summary data tells us to buy IBM near 138.11 with an upside target of 145.76. This data also tells us to set a stop loss @ 137.71 to protect against excessive loss in case the stock begins to move against the trade. 138.11 is the first level of support below 139.66 , and by rule, any test of support is a buy signal. In this case, support 138.11 would be being tested, so a buy signal would exist.

  • Short IBM under 145.76, target 138.11, stop loss @ 146.18 Details
  • The technical summary data is suggesting a short of IBM as it gets near 145.76 with a downside target of 138.11. We should have a stop loss in place at 146.18though. 145.76 is the first level of resistance above 139.66, and by rule, any test of resistance is a short signal. In this case, if resistance 145.76 is being tested, so a short signal would exist.

Swing Trading Plans for IBM
  • Buy IBM over 140.05, target 145.76, Stop Loss @ 139.65 Details
  • If 140.05 begins to break higher, the technical summary data tells us to buy IBM just over 140.05, with an upside target of 145.76. The data also tells us to set a stop loss @ 139.65 in case the stock turns against the trade. 140.05 is the first level of resistance above 139.66, and by rule, any break above resistance is a buy signal. In this case, 140.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short IBM near 140.05, target 138.11, Stop Loss @ 140.45. Details
  • The technical summary data is suggesting a short of IBM if it tests 140.05 with a downside target of 138.11. We should have a stop loss in place at 140.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 140.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IBM
  • Buy IBM over 140.05, target 145.76, Stop Loss @ 139.72 Details
  • If 140.05 begins to break higher, the technical summary data tells us to buy IBM just over 140.05, with an upside target of 145.76. The data also tells us to set a stop loss @ 139.72 in case the stock turns against the trade. 140.05 is the first level of resistance above 139.66, and by rule, any break above resistance is a buy signal. In this case, 140.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short IBM near 140.05, target 138.86, Stop Loss @ 140.38. Details
  • The technical summary data is suggesting a short of IBM if it tests 140.05 with a downside target of 138.86. We should have a stop loss in place at 140.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 140.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

IBM Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 138.11
P2 138.86 137.52 145.76
P3 139.90 140.05 153.69

With an objective approach to International Business Machine (NYSE: IBM), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IBM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IBM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IBM too.  All of these are offered below the Summary Table.

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Fundamental Charts for IBM

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