If you are a trader, or just looking to add to your IBM position; the proper buy point for IBM is $195, as it is $.10 above the high on Decemeber 7. Yes, IBM has formed a nice base for the past 2 months, and technically looks poised to break out to new highs. I look for strong volume on any breakout above $195.
I expect a breakout within the next two weeks, and looking for volume at least 50% greater than daily average. The general markets are in a confirmed uptrend, and expect a leader like IBM to outperform the general markets.