Analysis of performance based on 6 months: There are currently only a few technology stocks that can withstand the weakness of the Nasdaq. Although the US company is known to be listed on the NYSE, the direct connection to the technology sector cannot be denied. Nonetheless, IBM stock managed to stage a very positive performance this week. Yesterday’s LYNX live stream. The reason for the relative strength of the share was the recently published quarterly results. IBM was able to surprise positively and beat the estimates of the analysts on both the profit and the sales side. The prospects for the full year 2022 were much more important. The group expects sales of around USD 62.5 billion. So far, expectations have been around USD 60.7 billion.

Expert Opinion: Good numbers and good prospects. These are the ingredients that usually make stock prices soar. IBM was also able to present itself positively in yesterday’s trading and almost reached the high for the year so far. The air could be getting a little thinner here and a consolidation would probably not come as a big surprise. If this forms in an orderly manner, a nice breakout above the USD 142.40 level could be possible. For the time being one of the few interesting titles from the tech area.