May 10, 2013 (Pivot alerts via COMTEX) -- International Business Machines (NYSE:IBM) has opened bullishly above the pivot of $203.00 today and has reached the first level of resistance at $204.36. Analysts will be watching for a cross of the next upside pivot targets of $205.08 and $207.16.

International Business Machines (NYSE:IBM) has potential upside of 9.7% based on a current price of $204.22 and analysts' consensus price target of $224.05. The stock should hit resistance at its 50-day moving average (MA) of $206.91, as well as support at its 200-day MA of $199.88.

In the past 52 weeks, International Business Machines share prices have been bracketed by a low of $181.85 and a high of $215.90 and are now at $204.22, 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

International Business Machines Corporation (IBM) provides computer solutions through the use of advanced information technology. The Company's solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.

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