International Business Machines Corporations stock price (IBM) rose in the intraday levels after leaning on the support of the 50-day SMA, lending the stock positive momentum that helped it snag these gains, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $199.00, provided it settles above the support of $187.00.

Trend forecast: Bullish