Big Blue Turns Red
This morning, leading tech giant International Business Machines Corporation (NYSE:IBM) is trading lower by $2.36 to $189.31 a share. Recently, it has been reported that there has been some insider selling from corporate officers in late July. This insider selling news could be weighing on the stock today. Day traders can now look for intra-day support on International Business Machines Corporation (NYSE:IBM) stock around the $187.83 level. This is an area where day traders should expect a short term bounce.