Shares of IBM (IBM) dropped hard tonight after the company reported a slight earnings beat but missed revenue estimates by $1.07 Billion. IBM usually delivers solid results but the last two earnings report were lackluster. Shares of IBM are trading at $176, down 6% on heavy volume.
IBM stock needs to hold $170-$172 or shares will hit a 2-year low. Resistance is located at $180.
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Showing posts with label dropped. Show all posts
Showing posts with label dropped. Show all posts
Wednesday, October 16, 2013
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