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Tuesday, April 17, 2007 

IBM shares gained in extended hours

Chart courtesy of stockcharts

IBM shares gained in extended hours today after its quarterly results matched Wall Street estimates. First-quarter earnings rose 8% as a boost from software acquisitions helped overcome only moderate growth overall. So, this news could improve the performance of this stock for the sessions ahead. In the daily chart above we can see that the stock closed today above the resistance 50 dma, MACD and RSI still in Bullish territory. Seeing the stock reaction in after-hours probably IBM shares tomorrow will open in GAP UP reaching the first resistance at 98$, so put this stock in your watch list.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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