IBM: fresh buy signal, handle with care
IBM slips 0.7% in the week its new buy signal fires, sellers dominate the last bar
IBM: fresh buy signal, handle with care
Our view last week
IBM is in week 3 of a sell signal, and the week that just closed gained 6.6%. Signal strength drops to 2 out of 100: the decline has run out of room. The setup quality indicator, at 35 out of 100, stays in the ordinary band, and IBM ranks 136th among the 137 US sell signals.
This week's summary
IBM's stock turns a corner in a single week: the sell signal that had followed it for three weeks gives way to a fresh buy signal, the strongest of six new US Longs with a signal strength of 72 out of 100. But the last bar saw sellers take firm control, and price is working within a step of its all-time highs — our technical analysis flags trading as not recommended, and discipline calls for a pullback before stepping in.
IQS Phase
62
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#1 / 6
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content