Thursday, January 10, 2013

Thursday evening - IBM


I've-Been-Moved daily

There's a nice clean pullback to the 50dma, with a bottoming tail today on increased volume which took out yesterday's low and reversed.  (tails are colored cyan or magenta if 50% or more of bar).  Buy over today's high, stop under the low.  Easy-peasy trade setup.  But no promises, of course ;-)

[edit: Yahoo says earnings Tue Jan22]

I have a profound personal dislike for the company, so I refuse to trade it long.  I never liked their services or their people.  But that shouldn't bother anybody else.

Look at Jojo's TDC too.  Nice bottoming pattern on that one.

Also rans : MUR, T, ROST