Downtrend Intact: IBM Rejected at EMAs, Trades $232.67
Shares of International Business Machines Corp (IBM) rose 1.67% to $232.67 on August 19.
From a technical standpoint, the outlook appears mixed:
While EMAs remain bearish, positive MACD divergence hints at potential support around $207.99.
Traders are watching $207.99 on the downside and $247.25 on the upside.