IBM may rise to 243.10 - 246.40

Our pivot point is at 225.9.

Our preference

As long as 225.9 is support look for 243.1.

Alternative scenario

Below 225.9, expect 220.6 and 217.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 228.6595 and 214.477).

Supports and resistances

249.7 **

246.4 *

243.1 **

239.9

232.75 (USD-last)

228.2

225.9 **

220.6 *

217.4 **

Number of asterisks represents the strength of support and resistance levels.