Look For This Stock To Move Higher In The Short-Term
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International Business Machines Corporation (NYSE: IBM) seems to be gearing up for a surge as per its latest charts. International Business Machines Corporation provides integrated solutions and services worldwide.
Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in various application areas; customer information control system and storage, and analytics and integration software solutions to support client mission on-premise workloads in banking, airline, and retail industries.
Bullish Indications
#1 IH&S Pattern: As you can see from the daily chart, the stock has been forming an Inverted Head and Shoulders (IH&S) pattern. This IH&S pattern is marked in the chart in pink color. An IH&S pattern is a strong bullish pattern. Once a breakout from this pattern occurs, the stock may move higher in the short term.
See the other bullish indications and a recommended trade.
The post Look For This Stock to Move Higher in the Short-Term originally appeared at TradesOfTheDay.com.
Category: Options Trading Strategy
