2waytrading
Short

Will $IBM Hold 165.97? It's unlikely but may take the market

NYSE:IBM   INTERNATIONAL BUSINESS MACHINES CORP
127 0 1
Today's price weakness to hold above 170 was a big concern and a sign of big guys are not ready to jump in now. If what we see is accurate, there is higher chance that $IBM may finally retest 155 area next 3-months and that could be a market indicator for what to come next 3 months. If you decide to take a short position, make your stop lose at 172.5 with target prices 155 and 145 area.
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