IBM Coils in TTM Squeeze at $305.09, Breakout Imminent
NeutralInternational Business Machines Corp (IBM) closed up 0.18% at $305.09 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($304.37). The 21-day EMA sits at $304.93.
Momentum
RSI at 62.8 is in neutral territory but trending higher. MACD is bearish (0.63 vs signal 1.33).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.