IBM prepared for a jump through resistance ?

IBM was one of the strong movers in the tech sector with a rise of 4.56% :

Reuters reported that IBM Corporation expects its profit to nearly double to over $20 a share by fiscal 2015. The Company also reiterated its forecast for earnings per share (EPS) of at least $11.20 for fiscal 2010. According to Reuters Estimates, analysts are expecting the Company to report EPS of $11.27 for fiscal 2010.

Looking at the chart we see that is breaking through the resistance level.

Buy and don’t look back


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