IBM is showing good consolidation and may be setting up for a breakout. Larger slower moving stocks like IBM can be tricky to trade during consolidation so stops are important. 1. Not up 3 days in a row 2. Linear previous momentum leg (but there is a risk of gap fill to the downside) 3. Stock is in early phases of an uptrend i.e. not extended 4. Has not had a significant breakout or breakdown during the consolidation phase 5. Consolidation is nice and clean with narrow range days, lower volume , and can even be pointing down.