IBM Bull Signal Has Never Been Wrong

Tech stock IBM (NYSE:IBM), otherwise known as International Business Machines Corporation, is up 0.7% at $241.10 today. The stock is up 9.7% since the start of the year -- hitting a record high in mid-March -- but is having a tough time staging a meaningful breakout back over the$ 243 region. A short-term rally could be in the works though, given that the stock is flashing a historically bullish signal. The shares are within one standard deviation of their 126-day moving average (representing half a year o ...