Chart of the Day - IBM (IBM)

The "Chart of the Day" is IBM (IBM), which showed up on Thursday's Barchart "All Time High" list. IBM on Thursday posted a new all-time high of $199.23 and closed up 1.93%. TrendSpotter has been Long since Jan 23 at $189.98. In recent news on the stock, Sterne Agee on Feb 6 initiated coverage on IBM with a Buy and a target of $230. IBM, with a market cap of $228 billion, sells a broad range of technology-based hardware, software and services.