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Actionable news in IBM: INTERNATIONAL BUSINESS MACHINES CORPORATION,

Is IBM in Trouble? Check These Charts

IBM (IBM) is one of the eight "Dogs of the Dow" for 2016. It has rewarded investors with a gain of 12.1% year to date.

The stock is in bull market territory, 32% above its Feb. 12 low of $116.90. However, the stock is also below its 200-week simple moving average of $171.26, which is the "reversion to the mean." The stock is also in bear market territory 28.5% below its all-time intraday high of $215.04, set during the week of March 15, 2013.

IBM is one of the few tech stocks that is above its July 1999 bubble peak of $139.18. And it is one of the 30 components of the Dow Jones Industrial Average (INDU) . IBM is outperforming the Dow 30 year-to-date gain of 4.1%.

The daily chart for IBM shows the bear market decline of 45.6% from the March 2013 high to the Feb. 12 low. The rally from that low has...


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