IBM hasn't had the 50 day MA cross down over the 200 day MA and the 200 day EMA since 2008 when the market as a whole tanked.
If IBM were to report revenue growing weaker for Q4 it may prompt selling.
I'm on the sidelines with IBM and waiting for an entry point -- scared off by the fiscal cliff and the death cross.
At this point I expect weakness in the EU to show up in IBM's income statement in Q4
Agreed, but why would you invest in a company that doesn't make anything anymore - used to be a strong technical manufacturing company 20 years ago - not anymore!
IBM has been weak since it sliced its 50 DMA in heavy volume on October 17! The stock was down more than $10 that day and has never regained strength, even during the most recent uptrend.
There is way too much political news moving the markets. I advise all mom and pop traders to get out. All major averages are below critical technical levels. The markets are going lower...