IBM may rise to 190.70 - 195.80

Our pivot point is at 164.

Our preference

Short term rebound towards 190.7.

Alternative scenario

Below 164, expect 155.6 and 150.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (168.2415) but under its 50 day moving average (179.5678).

Supports and resistances

200.9 **

195.8 *

190.7 **

185.6

170.67 (USD-last)

167.2

164 **

155.6 *

150.7 **

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