February 12th, 2012
Published Daily

IBM (Last: 117.75)

by Rick Ackerman on July 27, 2009 12:01 am GMT

Unlike the banks, IBM still makes money the old-fashioned way, selling services and products.  It has had quite a move from March’s lows near 83, but the rally could end at 127.12, a Hidden Pivot. Keep that number in mind if you’ve got a long-term position in the stock or would like to try shorting it.



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