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Matt_Feda
Jul 21, 2013 3:47 AM

IBM - Testing 100 day MA, Bearish candle Target 181.46 Short

International Business Machines CorporationNYSE

Description

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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