IBM (IBM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this technology and consulting company have returned -2.5% over the past month versus the Zacks S&P 500 composite’s +11% change. The Zacks Computer – Integrated Systems industry, to which IBM belongs, has gained 58.1% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company’s business prospects usually make its stock ‘trending’ and lead to an immediate price change, there are always some fundamental…