IBM – Dog of the Dow

On Tuesday – December 22, 2015 IBM – Dog of the Dow moved up along with the general market.

Here is the chart of IBM

IBM Chart - Dec 22 2015








It looks like if IBM crosses $140 level to upside then more buyers will come in.

Recently there was news that IBM and BOX Inc. has formed strategic alliance to offer cloud-based services.

IBM has fallen from the peak of $170 in mid-July to $133 level recently and is considered “Dog of the Dow”.

May be it has bottomed as Warren Buffett is still confident and raised his stake to 2%.

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