International Business Machines stock jumps 3.94%, with hourly RSI at 86.34

International Business Machines stock closed Wednesday’s session with a 3.94% gain . The close settled above all three daily exponential averages and the upper Bollinger band. However, overbought hourly and 15-minute RSI readings complicate the immediate outlook. Key takeaways International Business Machines stock closed at $251.46 on Wednesday, a 3.94% increase from the prior session. The daily close stands above the 20-session EMA at $232.44, the 50-session EMA at $233.43, and the 200-session EMA at $247.46. Daily RSI14 is 69.87, just below the overbought threshold of 70, while the daily MACD histogram is positive at 2.9.

Source: The Cryptonomist