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Xafada
Jan 21, 2013 5:47 PM

Ascending Bullish Triangle Long

International Business Machines CorporationNYSE

Description

FYI the company will report after market close Tuesday. This bullish pattern has not broken out yet, and this earning could be the reason. Expectation is very low, and seasonally the company does well at this quarter. Option market is expecting about 3.3% move but still it will depend on outlook as well as EPS. Now the consensus EPS $5.25. If you decide to take long position, you don't need to have a stop loss with target price $203.5 area. Join us woowtrading.net
Comments
Xafada
Target price achieved after market. Great trade!
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