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Stock Pick of the Day - International Business Machines
Mar 12, 2010

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Larry Swing

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Stock Pick of the Day

International Business Machines)

Closing Price: $127.60

RSI: 52.06

MACD: 0.06

 

International Business Machines) raced to $127.60 to gain 1.6% in the Thursday’s session after it was rated as the most trusted IT company by a consumer survey. The stock is now ruling not far from from its 52 week high of $134.25.

International Business Machines (IBM) breached above its 50 day MA of $126.67, after earlier breaching above its 20 day MA two days back. The same confirms the initial signals of bullishness emerging in the stock.

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...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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