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Buy IBM for Price Gains and Dividend

Richard Suttmeier

My call to buy IBM is supported by its daily chart, which shows that a formation of a "golden cross" appears highly likely this week. A "golden cross" occurs when the 50-day simple moving average rises above its 200-day simple moving average to indicate that higher prices lie ahead. The "reversion to the mean" is where a stock should be trading given all known information about the company.