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Big Blue Turns Red (NYSE:IBM). Day Trade Level Here...

Long
International Business Machines Corporation (NYSE:IBM)  
InTheMoney_Stocks  
NYSE:IBM   International Business Machines Corporation
IBM
1
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ibm
This morning, leading tech giant International Business Machines Corporation (NYSE:IBM) is trading lower by $2.36 to $189.31 a share. Recently, it has been reported that there has been some insider selling from corporate officers in late July. This insider selling news could be weighing on the stock today. Day traders can now look for intra-day support on International Business Machines Corporation (NYSE:IBM) stock around the $187.83 level. This is an area where day traders should expect a short term bounce. Only trade the best levels, this support area is a high probability level for a day trade, however, other factors should be considered when/if IBM trades down to that level. Keep this level on your charts...

Nick Santiago
www.InTheMoneyStocks.com
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