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RedHotStocks
Jul 10, 2019 9:18 PM

IBM just doesn't appeal to investors, despite RED HAT Closure  

International Business Machines CorporationNYSE

Description

Despite the closure of the Red Hat deal in super quick time, it is difficult to see and change in sentiment towards Big Blue, it is still regarded as old tech which with the acquisition is just not the case. It may take a few earnings reports to get the attention of investors once again. Growth should be considerable in the next few quarters and while you wait for that to occur a healthy dividend will keep you happy.
Technically the MACD and Histogram are turning bearish, just as the stock hits a strong long term downtrend.
Volume is still modest.
Momentum has been wavering for some time.
Stochastic is downtrending and needs to reset.
Long on break above trendline resistance on improved volume.
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