Friday, May 29, 2015

International Business Machines (NYSE: IBM): Just $1 Away From a Buy Signal

Despite its blue-chip status, it's been a long time since International Business Machines (NYSE: IBM) was an elite stock. Since peaking in March 2013, long-term investors saw their holdings shrink 30% into the December 2014 low, highlighted by a massive price collapse in October.

Big Blue was more black and blue.

However, the good news is that after months of sideways trading, the stock started to heal. Indeed, the trend has been to the upside all year. (more)

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