Stock Trend Analysis Report
Prepared for you on Thursday, March 23, 2017.
INTL BUSINESS MACHINE (NYSE:IBM)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for IBM
The long term trend has been UP since Dec 7th, 2016 at 165.00
The intermediate term trend has been DOWN since Mar 9th, 2017 at 178.35
The short term trend has been DOWN since Mar 21st, 2017 at 175.14
Smart Scan Analysis for IBM
Based on a pre-defined weighted trend formula for chart analysis, IBM scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||182.79||Year High Date||2017-02-16|
|Year Low||165.34||Year Low Date||2017-01-10|
|52wk High||182.79||52wk High Date||2017-02-16|
|52wk Low||142.5||52wk Low Date||2016-06-27|
|Year End Close||191.55||Average Volume||3,455,766|
|Shares Outstanding||1,129,932||Short Interest||12,795,084|