IBM: Earnings out tomorrow

Let's monitor IBM here, after earnings we might a drop down to support, where it can be an attractive long. We have to wait one day more after earnings are out, to trade it, but we can already label the key levels on chart, and determine what our bias is going into the report, and what fundamentals tell us.

I like IBM here, specially if it drops lower, with 8.5% earnings yield and a 6.6% free cash flow yield, growth opportunities are around the corner for IBM. Revenues have been down, but technicals favor uptrend continuation in the monthly chart, specially if we manage to break above the downtrend mode to the left soon.

Good luck,

Ivan Labrie.

Trade ist aktiv:

Long, risk 8.1 per share. Bought near 148.

Trade wurde manuell geschlossen:

Good time to bail here.