IBM : Shares top $200 for first time
By Lara Villeneuve
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$200.66 | $0 | $194.1 | -100% |
IBM reported revenue of $107 billion in 2011 and earnings of $13.06 a share. The company ended 2011 with $11.9 billion in cash helped by higher revenue and profit margins in the technology icon's lucrative software and services segments.
The security IBM fits in the line of a middle/long-term bullish trend. Furthermore, daily and weekly moving averages stay well oriented. Technically, the upward configuration should protect the stock from an important bearish movement. The objective will be fixed on the consensus evaluation at $215. A stop loss we be engaged at $196.2.