Sell Short IBM at the market, current price $146.05. Buy Stop at $150.55.
IBM’s one year daily chart is below. Chart does not look well and we just had what appears a Fall Thru the Ice, and a Rally Back To Ice.
In the last two weeks the OP and Force have went to recovery highs, while IBM has labored to a lower high.
The Technometer is now at overbought as well with a reading of 53.