IBM closed today at 101.70 with a hanging man candlestick, just above the 200 day moving average. I will be looking for a close above its previous high of 102.22 or we may have a reversal. Volume is also decreasing. The rest of the market went up over 3%; IBM did not participate, with only a 0.5% increase.
It is above the regression line that stretches from November 20, 2008 - the regression line is also parallel to the support line from the same date. Is this significant?
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