IBM…Not A Buy Yet

IBM (IBM – Get Report) is a true turnaround story as the stock is regaining technical momentum and offers a generous dividend. Buy IBM on weakness to its 200-day simple moving average at $133.75 and add to positions on weakness to its semiannual value level at $126.75.The stock is one of the “Dogs of the Dow” for 2019 and is the cheapest Dow stock with a P/E ratio of 9.89 and a dividend yield of 4.81%, according to Macrotrends.Cloud computing and artificial intelligence through IBM’s Watson platform is the key to its turnaround story.IBM’s cloud computing is on modern mainframes

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