By: Scott Redler
IBM is one of the few names that has made it through the test of time, and it is trading at the same price it was a decade ago.
On the fundamental side, EPS have quadrupled while the dividend has doubled and business is strong.
On the technical side, the daily chart is getting very tight with a buyable pivot above 132, then 134 and we could even see new highs. This looks to be setting up for a great swing trade. If you are going to get involved, the buy point is the 132 area with a stop loss at 130.50. I am long stock and options in this one.
