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IBM Knocks On The Door Of Resistance At $132.00

International Business Machines Corp. (NYSE:IBM) is knocking on a key resistance and possible breakout level on the intra day chart at $132.00. This level matches the high pivot from last Thursday.  IBM has roared back after getting hit on earnings a few weeks ago that did not quite match Wall Streets lofty expectations.  The stock is now just sitting slightly below the 52 week high of $134.25.  Note the chart below. For more in depth analysis, guidance and swing trades, join the Research Center.

Gareth Soloway
Chief Market Strategist