Thoughts on IBMLooking at the 3d chart for IBM and it does not look too promising. They have reduced their buyback activity, which was one of the reasons the stock did so well for so long. RSI looking bleak and the implied volatility is starting to go up.
Unless something wild were to happen, I would expect this to see further downside.
Note: This is the 3d chart, so i am expecting it to chop in this range for a little bit longer before it continues down.