IBM Flirting With $130 Handle

After posting a $0.04 beat for Q3 EPS on slightly lower revenue, International Business Machines Corp. IBM was lower by over $8 after slashing full-year guidance. It has breached its multi-year made on October 2 at $140.56, reaching $140.27 and is not trading far from that level. The issue has not traded in the $130 handle since October 2010 when it bottomed at $134.39.