IBM is Testing Major Support Level of the 18 Year Trend

Price is heading to final support level of the bullish channel , which spans all the way back to the year 2000. Today price fell by as much as 5%, as IBM -6.55% Q3 report shows slowdown in revenue growth. With dividend yield at 4.3% and PE below 12, IBM -6.55% looks more and more attractive as a long term investment. Nevertheless, price could fall further to the final support level , potentially to 130.00.

IBM is Testing Major Support Level of by EmpowerTrader on

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