With all the attention on Bitcoin and A.I., an old blue chip hardly gets mentioned.
Back in the day, IBM was NVDA. IBM was the hot ticket item.
But in the past several years, it feels like the cool tech world has left poor IBM behind.
But Big Blue is moving up nicely.
Here’s the chart:
Since June, IBM has been a rocket ship.
And the recent pullback has almost been erased.
A break above $237.37 could lead to a big move for an old favorite.
We’ll keep an eye on it.
Happy holidays,
— Scott Welsh
