IBM may rise to 181.30 - 183.90

Our pivot point is at 167.1.

Our preference

The upside prevails as long as 167.1 is support.

Alternative scenario

Below 167.1, expect 162.9 and 160.3.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 170.0135 and 170.3696).

Supports and resistances

186.5 **

183.9 *

181.3 **

178.7

172.95 (USD-last)

168.8

167.1 **

162.9 *

160.3 **

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