RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%

blue-chip

One NYSE-Listed Semi-Conductor Stock at Resistance Level: International Business Machines Corporation

Aug 05, 2024 | Team Kalkine
One NYSE-Listed Semi-Conductor Stock at Resistance Level: International Business Machines Corporation

IBM
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

International Business Machines Corporation

Company Overview: International Business Machines Corporation (NYSE: IBM) is engaged in addressing the hybrid cloud and artificial intelligence (AI) opportunity with a platform-centric approach, focused on providing client value through a combination of technology and business expertise. Its segments include Software, Consulting, Infrastructure and Financing.

As per our previous US American Technology Report published on ‘IBM’ on 21st May 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 169.92 based on decent fundamentals, associated risks, other key financial highlights, and current valuation and the stock price has now moved by ~11.29% since then and has attained resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

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