IBM (IBM) is due to report its quarterly figures on Wednesday -- one of the companies that Jim Cramer noted on his Mad Money program is a key stock to watch this week. Let's see what the charts are showing us ahead of IBM's report.
In this daily bar chart, we can see that prices have trended sideways for much of this year, with dips to the $125-$130 area bought. Prices have been in a tighter trading range the since early September, but IBM's technicals have strengthened. The stock is above its flat-to-rising 50-day moving average (the blue line below) and its bullish 200-day moving average (the yellow line):