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.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
The company's attractive earnings multiples are brought to light by a P/E ratio at 12.79 for the current year.
The company is one of the best yield companies with high dividend expectations.
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 group usually releases earnings worse than estimated.
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...