While IBM beat EPS and revenue estimates, the stock is selling off hard. News indicates investors are focused on decelerating growth in the key Red Hat (software) segment. This "sell the news" reaction is a classic confirmation of a distribution top.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.