When (IBM) Moves Investors should Listen

February 27, 2024, 15:22 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IBM

• Buy IBM slightly over 173.39 target 184.22 stop loss @ 172.89 Details

The technical summary data tells us to buy IBM near 173.39 with an upside target of 184.22. This data also tells us to set a stop loss @ 172.89 to protect against excessive loss in case the stock begins to move against the trade. 173.39 is the first level of support below 183.04 , and by rule, any test of support is a buy signal. In this case, support 173.39 is being tested, a buy signal would exist.

• Short IBM slightly under 184.22, target 173.39, stop loss @ 184.75 Details

The technical summary data is suggesting a short of IBM as it gets near 184.22 with a downside target of 173.39. We should have a stop loss in place at 184.75though. 184.22 is the first level of resistance above 183.04, and by rule, any test of resistance is a short signal. In this case, if resistance 184.22 is being tested, a short signal would exist.

Swing Trading Plans for IBM

• Buy IBM slightly over 184.22, target 186.59, Stop Loss @ 183.69 Details

If 184.22 begins to break higher, the technical summary data tells us to buy IBM just slightly over 184.22, with an upside target of 186.59. The data also tells us to set a stop loss @ 183.69 in case the stock turns against the trade. 184.22 is the first level of resistance above 183.04, and by rule, any break above resistance is a buy signal. In this case, 184.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IBM slightly near 184.22, target 182.2, Stop Loss @ 184.75. Details

The technical summary data is suggesting a short of IBM if it tests 184.22 with a downside target of 182.2. We should have a stop loss in place at 184.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 184.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IBM

• Buy IBM slightly over 183.4, target 184.22, Stop Loss @ 182.97 Details

If 183.4 begins to break higher, the technical summary data tells us to buy IBM just slightly over 183.4, with an upside target of 184.22. The data also tells us to set a stop loss @ 182.97 in case the stock turns against the trade. 183.4 is the first level of resistance above 183.04, and by rule, any break above resistance is a buy signal. In this case, 183.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IBM slightly near 183.4, target 182.2, Stop Loss @ 183.83. Details

The technical summary data is suggesting a short of IBM if it tests 183.4 with a downside target of 182.2. We should have a stop loss in place at 183.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 183.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  International Business Machines Corporation (IBM) available here: IBM.

IBM Ratings for February 27:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	163.24
P2	183.4	182.2	173.39
P3	187.23	186.59	184.22

AI Generated Signals for IBM

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  International Business Machines Corporation (NYSE: IBM) report below is a real world example. Included are trading plans for IBM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.