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IBM Earnings Create Velocity Run

International Business Machines Corporation (NYSE:IBM)  
MarthaStokesCMT-TechniTrader  
NYSE:IBM   International Business Machines Corporation
Candlestick Analysis Chart Patterns Beyond Technical Analysis IBM internationalbusinessmachines Earnings velocityrun resistancelevel earningsreport level profittaking professionaltraders
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candlestick chartpattern beyondta ibm internationalbusinessmachines earnings velocityrun resistancelevel earningsreport level profittaking professionaltraders
IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.

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Martha Stokes, CMT
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