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$IBM Nears Chart Support For Bounce



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Shares of International Business Machines Corp. (NYSE:IBM) have been slowly falling over the last two months, after making new multi-year highs at $182.79. The stock is quickly approaching $170.00 which has two major support levels. This means the stock will likely see a solid bounce. Look for a quick bounce back to $179.00, maybe on earnings. This is a quick trade, known as a swing trade. Please note if $170.00 is taken out to the downside, the trade is null and void and investors should exit. This defined exit gives intrigued investors a small risk of a Dollar or so versus a $9.00 potential profit. Once in the money by $3.00, use a trailing stop to protect profits.

View my trades and Verified performance right now, click here. Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.

Stock chart buy on shares of International Business Machines

This article was written by Anna B for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

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