IBM and Hewlett Packard Also Doing Well
Monday, December 28, 2009 at 05:51AM Apple (AAPL) and Amazon.com (AMZN) are getting their fair share of headlines these days as they break out to new highs. But IBM and Hewlett-Packard are two other big tech names that aren't quite generating the same buzz yet still breaking out to multi-year highs. As shown in the chart below, IBM has just broken above its high of $130 reached in mid-2007 prior to the financial crisis. Hewlett-Packard (HPQ) is less than $1 away from its 2007 high as well. Once above their 2007 levels, the next technical stop for these two blue-chip stocks will be their highs reached during the peak of the 1999/2000 Internet bubble. IBM is at least one "Big Blue" ending 2009 on a strong note.
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