IBM Breaks Resistance

Written by MrStockFox. Posted in Trade Ideas

You can read about my past comments on IBM located here.

Last week I wrote about how IBM looked like it wanted to breakout above the 165 resistance level.  Yesterday it launched higher.  Luckly I was able to add my final position earlier this week before the breakout.  Next stop should be 180 level where I may sell up to 20% of my current position.  Even though I consider myself a long term dividend growth investor.  From time to time and under certain technical situations, I will trade in and out of a percentage of my positions.  

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