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$IBM Double Top In Sight

International Business Machines Corporation (BATS:IBM)  
AlgoTradeAlert  
BATS:IBM   International Business Machines Corporation
Double Top or Bottom IBM
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doubletoporbottom ibm
IBM is approaching a potential Double Top formation, and we plan to set an alert on the chart to initiate a short position once it reaches $151.93. At this level, watch for a possible pierce or consider shorting. Set a stop-out if there is a close above this level for more than three days. If you currently hold a long position, it may be prudent to take profits.
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