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IBM Gets a Quant Downgrade, But Here's What the Charts Reveal

·1 min read
IBM Gets a Quant Downgrade, But Here's What the Charts Reveal

Shares of IBM were downgraded Tuesday by TheStreet's Quant Ratings service. Let's check the charts to see if what the technicals say. In the daily bar chart of IBM, below, we can see that the shares gapped lower in July and continue to struggle to regain or restart their longer-term uptrend.