IBM Knocks On The Door Of Resistance At $132.00

International Business Machines Corp. IBM is knocking on a key resistance and possible breakout level on the intra day chart at $132.00. This level matches the high pivot from last Thursday. IBM has roared back after getting hit on earnings a few weeks ago that did not quite match Wall Streets lofty expectations. The stock is now just sitting slightly below the 52 week high of $134.25. Note the chart below. For more in depth analysis, guidance and swing trades, join the Research Center. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com