The increase that has been seen over the past weeks in the share price of International Business Machines Corp. has brought back the stock to major resistance levels on the weekly chart. Reaching this zone could lead to profit-taking and give rise to a correction. Investors should open a short trade and target the $ 151.5.
The company has solid fundamentals for a short-term investment strategy.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
With a P/E ratio at 13.02 for the current year and 12.49 for next year, earnings multiples are highly attractive compared with competitors.
This company will be of major interest to investors in search of a high dividend stock.
The tendency within the weekly time frame is positive above the technical support level at 140.43 USD
Stock prices approach a strong long-term resistance in weekly data at USD 163.5.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The company's earnings releases usually do not meet expectations.
Manufactures various computer products through the use of advanced information technologyInternational Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes.The company operates its...