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IBM May Have Its Eyes Set On $139, All Time High



September 27, 2010 – Comments (1)

International Business Machines Corp. (NYSE:IBM) recently broke out of a trading range it has been in for almost a year. The $122.00 to $134.00 range has lasted since last November. Recently, IBM broke out of that range and began to climb. The stocks is extremely extended but it may have its eyes set on the $139.19, the all time high in from 1999. This high may be the next major resistance level.

Gareth Soloway
Chief Market Strategist

1 Comments – Post Your Own

#1) On September 27, 2010 at 2:22 PM, MikeMark (29.07) wrote:

Sounds like a great time to sell.

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