IBM in focus
Monday, January 14, 2008
IBM shares are today in focus after reported higher-than-expected preliminary financial results, pressure stock to rebound from last week losses. Today news is for sure the most important tone that stock needed to inject some calm in investors. Looking at the daily chart, stock has been trading under pressure, after recently has broken the $100 mark. So, today closes will be a key factor for the reversal of trend, any close above $100 would sign a rebound in action, so keep an eye on her.
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.
Labels: IBM
