$IBM has recently seen a surge in analyst buy recommendations...International Business Machines CorporationNYSE:IBMSwing_Trader_SaanIBM has recently seen a surge in analyst buy recommendations, but the technical structure still looks bearish to me and probabilities continue to favor lower prices. I shorted IBM last week and the position is currently sitting on a strong open profit. We also just broke the neckline, which generally improves the odds of further downside continuation. For now, the structure still favors the bears.