IBM: At A Bearish Turning Point

 | Oct 17, 2013 02:06AM ET

Be aware of these 4 support levels ahead of earnings in IBM after the bell.

Overall the stock is in a decisive downtrend, I wouldn't be caught dead long in this stock.

The break of the long-term channel was a huge bearish turning point for this stock, and the most recent bounce looks entirely like a dead-cat scenario.

Here are the support and resistance levels you need to know: