There's a number of reasons to buy into IBM long-term, including great leadership, and strong revenues. I however trade in two-three week blocks, so my analysis will be brief and cover my short-term outlook.
The MACD has crossed, and the histogram has reversed. This is universally considered a buy indicator, but I would still watch it carefully. Low beta stocks like IBM sometimes have issues driving volume to confirm the MACD.
Accumulation is starting to rise. This more likely then not indicates that the selling pressure is starting to give, but there is some risk until it clears the August 11, 2014 accumulation with a decent buffer.
Pricing looks like it has returned, and if it breaks the 190 range I would suspect it's relatively clear to head back to 196. Watch for rejection at the 190, 191, and 192 levels. While they aren't significant technical levels, they are significant psychologically. Good luck to everyone!
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