Using the 52wk high to draw the top of the range, as well as the 52wk low to draw the bottom of the wedge formation, we can see that IBM is coming to a crossroad. While it's been in a downtrend for the past 8-9 months, the last 2 months have shown a bottom form and tight consolidation.
In the next 3 weeks, this will make a move. I'm betting it's up.