Trading (IBM) With Integrated Risk Controls

December 11, 2024, 11:20 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IBM

• Buy IBM near 217.72 target 236.84 stop loss @ 217.09 Details

The technical summary data tells us to buy IBM near 217.72 with an upside target of 236.84. This data also tells us to set a stop loss @ 217.09 to protect against excessive loss in case the stock begins to move against the trade. 217.72 is the first level of support below 231.615 , and by rule, any test of support is a buy signal. In this case, support 217.72 is being tested, a buy signal would exist.

• Short IBM slightly under 236.84, target 217.72, stop loss @ 237.52 Details

The technical summary data is suggesting a short of IBM as it gets near 236.84 with a downside target of 217.72. We should have a stop loss in place at 237.52though. 236.84 is the first level of resistance above 231.615, and by rule, any test of resistance is a short signal. In this case, if resistance 236.84 is being tested, a short signal would exist.

Swing Trading Plans for IBM

• Buy IBM slightly over 233.65, target 236.84, Stop Loss @ 232.98 Details

If 233.65 begins to break higher, the technical summary data tells us to buy IBM just slightly over 233.65, with an upside target of 236.84. The data also tells us to set a stop loss @ 232.98 in case the stock turns against the trade. 233.65 is the first level of resistance above 231.615, and by rule, any break above resistance is a buy signal. In this case, 233.65, 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 233.65, target 217.72, Stop Loss @ 234.32. Details

The technical summary data is suggesting a short of IBM if it tests 233.65 with a downside target of 217.72. We should have a stop loss in place at 234.32 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, 233.65, 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 233.65, target 236.84, Stop Loss @ 233.1 Details

If 233.65 begins to break higher, the technical summary data tells us to buy IBM just slightly over 233.65, with an upside target of 236.84. The data also tells us to set a stop loss @ 233.1 in case the stock turns against the trade. 233.65 is the first level of resistance above 231.615, and by rule, any break above resistance is a buy signal. In this case, 233.65, 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 233.65, target 231.59, Stop Loss @ 234.2. Details

The technical summary data is suggesting a short of IBM if it tests 233.65 with a downside target of 231.59. We should have a stop loss in place at 234.2 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, 233.65, 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 December 11:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	199.52
P2	231.59	233.65	217.72
P3	236.69	239.39	236.84

AI Generated Signals for IBM

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The International Business Machines Corporation (NYSE: IBM) report below can help you, but we have more details too. The trading plans for IBM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.