IBM Earnings Create Velocity Run

International Business Machines Corporation (NYSE:IBM)

NYSE:IBM International Business Machines Corporation

candlestick chartpattern beyondta ibm internationalbusinessmachines earnings velocityrun resistancelevel earningsreport level profittaking professionaltraders

IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.

Martha Stokes, CMT
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