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IBM Breaks Long Downtrend, Surges On Japanese Partnership After China Sanctions

December 15, 2022
Source: investors.com investors.com
News Snapshot:
Personal computer pioneer IBM (IBM) is hitting a new high on strong volume. The Dow Jones stock has a lot going for it, bullishly clearing an eight-year trendline that started after 2013's all-time high. Recent price action also shows a three-week-tight pattern, with solid support above its 50-day line. X The IBD New Highs screen searches for stocks with exceptionally strong price action. When underlying fundamental and technical strength supports the market performance, these stocks are on watch for possible entries. IBM shares had been in a downtrend for years but surged recently, hitting levels not seen since June 2021....
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