Here is a yearly chart of IBM that I posted over at Chartpin.com last night.
Note the ascending triangle bullish breakout (which I highlighted at the time in this blog) back in 2010. Now, though, the stock is digesting some of that move in the short-term. Overall, Big Blue is still in long-term breakout mode and could easily push higher yet after putting in some more work below $200.
One Response to The Nifty Fifty Year Chart
Now that is pretty Chess. I hope it’s a model for the entire market.