IBM shares drop
Wednesday, April 18, 2007
IBM shares drop today after its quarterly results matched Wall Street estimates. First-quarter earnings rose 8% as a boost from software acquisitions helped overcome only moderate growth overall. So, this news could improve the performance of this stock for the sessions ahead. In the daily chart above we can see that the stock closed today above the resistance 50 dma, MACD and RSI still in Bullish territory. Stock at this moment drop more than 2.5% to 94.54$.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
