Some stocks do nothing for months and months and then do something spectacular in a very short period of time. All they have to do – make a bullish move
IBM is right there
Today might be a big day for IBM stock hopefully. It seems to have done all the right things to make a move….i hope it does not disappoint again pic.twitter.com/cOIGljbstK
— Deepak Singh (@smarket) September 14, 2018
IBM stock has fundamentally done all the right things to turnaround. The stock is trading at a very attractive PE level and Dividend Yield of 4.5%. But when it comes to Price Action – the stock always gives up when it reaches $148-150 levels. But if for any reason the stock closes above it – expect a sharp upside move to $180-$200 over next six months.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers