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American Stocks Analysis
Jun 3, 2024 5:52 AM

International Business Machines Corporations stock price (IBM) rose in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of $157.90, provided the resistance of $175.46 holds on.

Forecast today: Likely Bearish

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