Shares of International Business Machines (IBM) have underperformed the broader NASDAQ Composite index by more than 20% over the last year. They did find some support, however, in the $150.00 area in December and January, which is a 38% Fibonacci retracement of their 2008 low and 2013 high. The stock price is back above its 50 day moving average, and the RSI and MacD reflect the recent positive price momentum. Chaikin Money Flow crossed above its centerline this month, indicating buying interest at these levels. There is a large gap to be filled just above resistance and a lot of relative performance to recover; it could be “Big Blue” is poised to make a move.