Big Blue aka IBM reports their quarterly earnings report today. The 5 past weeks have ended in gains. IBM looks like it is poised to break the downward trend it has been on since the beginning of June of 2013 . A quick glance at the chart and the $195 price level may draw your attention as a possible resistance level. Perhaps $182.80 seems like a support level. In either case if either of those levels are reached there will be some opportunities to trade with some momentum.
Without further delay here are some earnings related thoughts to go with the above. Assuming IBM is at $190:
In a typical week you might expect IBM to stay in the $185.90 to $194.90 range. Earnings reports are usually not typical weeks. In the past 3 years or so IBM has seen a maximum move of about $10.50 on the upside and $16.40 on the downside. If you happen to be the type of trader who has positioned themselves to be somewhat indifferent about the direction you probably would like to know that on average IBM has moved $8.10 during the week of earnings.
Good luck and trade rationally.