IBM may rise to 187.00 - 189.50

Our pivot point is at 173.4.

Our preference

The upside prevails as long as 173.4 is support.

Alternative scenario

Below 173.4, expect 169.2 and 166.7.

Comment

The RSI is above 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 173.573 and 170.3638).

Supports and resistances

192 **

189.5 *

187 **

184.5

178.31 (USD-last)

175

173.4 **

169.2 *

166.7 **

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