Technical Bounce Setup: IBM Oversold at $229.32
Shares of International Business Machines Corp (IBM) rose 2.68% to $229.32 on February 25.
Technical indicators paint a bearish picture:
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $227.55.
Traders are watching $227.55 on the downside and $328.17 on the upside.