IBM Will Pull Back Here: Resistance Trend Line Alert

Short

International Business Machines Corporation (BATS:IBM)

BATS:IBM International Business Machines Corporation

International Business Machines Corp. (NYSE:IBM) is slamming into a key level of resistance. This level is at $181.15. Please note the chart below to see the trend line for yourself. Based on this resistance level and multiple other factors, IBM is an easy short here for a multi-day pullback. A $177.00 target can be used. Enjoy and profit for life.

Gareth Soloway
Chief Market Strategist

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