IBM Bull Signal Has Never Been Wrong

Core Viewpoint - IBM's stock is currently experiencing a slight increase, with a year-to-date rise of 9.7%, but is struggling to break through the $243 resistance level, despite showing historically bullish signals [1][2]. Group 1: Stock Performance - IBM's stock is up 0.7$241.10 [1]. - The stock reached a record high in mid-March and has increased by 9.7% since the beginning of the year [1]. - The stock is currently within one standard deviation of its 126-day moving average, having spent at least 75% of the last six months above this average [2]. Group 2: Historical Trends - IBM has encountered its 126-day moving average trendline for the first time in at least eight of the last ten trading days [2]. - In the past three years, similar conditions have led to a 100% success rate of the stock being higher one month later, with an average gain of 10.9% [2]. Group 3: Analyst Ratings - Among the 20 analysts covering IBM, 12 have a "hold" or worse rating [4]. - The 12-month consensus price target for IBM is $249.97, representing a 3.8% premium over current stock levels [4].