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IBM trade ideas

Momentum Surge - IBMIBM is showing good consolidation and may be setting up for a breakout. Keep in mind IBM can be a slow mover so it may not break out fast. Tight stops are required as always based on my strategy. 1. Not up 3 days in a row 2. Linear previous momentum leg 3. Stock is in early phases of an uptrend i.e. not extended 4. Has not had a significant breakout or breakdown during the consolidation phase 5. Consolidation is nice and clean with narrow range days, lower volume , and can even be pointing down. Buy = $134.86 Stop = $133.29 Shares = 40
NYSE:IBMLong
by Robotic_Investing
Momentum Surge Potential - IBMIBM is showing good consolidation and may be setting up for a breakout. Larger slower moving stocks like IBM can be tricky to trade during consolidation so stops are important. 1. Not up 3 days in a row 2. Linear previous momentum leg (but there is a risk of gap fill to the downside) 3. Stock is in early phases of an uptrend i.e. not extended 4. Has not had a significant breakout or breakdown during the consolidation phase 5. Consolidation is nice and clean with narrow range days, lower volume , and can even be pointing down. Buy = $134.86 Stop = $133.29 Shares = 40
NYSE:IBMLong
by Robotic_Investing