Matt_Feda
Short

IBM - Testing 100 day MA, Bearish candle Target 181.46

NYSE:IBM   INTERNATIONAL BUSINESS MACHINES CORP
225 0 0
Despite beating on earnings , IBM             missed revenue targets last week
Bearish candle last week showing low demand
Look for a breakout below the 100 week MA for confirmation
Price targets shown on chart . First 181.46, then 168.31
Price far above 200 week SMA . Large potential downside or mean reversion
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