Price is heading to final support level
of the bullish channel
, which spans all the way back to the year 2000. Today price fell by as much as 5%, as IBM
Q3 report shows slowdown in revenue growth. With dividend yield at 4.3% and PE below 12, IBM
looks more and more attractive as a long term investment. Nevertheless, price could fall further to the final support level
, potentially to 130.00.