IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $190.00 short put and a strike $185.00 long put offers a potential 16.55% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $185.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for IBM is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for IBM is bullish.
The RSI indicator is at 76.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
How An Alliance With IBM Helped Shares In Monitise Plc Soar
Wed, 27 Aug 2014 09:12:18 GMT
IBM-Lenovo Server Agreement Basically A Done Deal
Tue, 26 Aug 2014 20:31:00 GMT
Forbes – A few weeks ago, U.S. officials OK'd the way for Lenovo to acquire IBM's x86-based server business for $2.3B. While other countries still need to approve the deal, the U.S. Treasury Department's CFIUS (Committee on Foreign Investment in the United States) approval was the last real hurdle Lenovo had to overcome. This is not to […]
VMware plan to shelve long-term guidance hits stock
Tue, 26 Aug 2014 18:04:45 GMT
ICBC deal shows U.S. tech giant IBM still engaged in China
Tue, 26 Aug 2014 14:34:10 GMT
Reuters – Industrial and Commercial Bank of China (ICBC) has deployed a new IBM mainframe computer system, the two companies said on Tuesday, boosting the U.S. IBM's joint announcement with ICBC, the world's largest bank by market capitalisation, shows IBM is still doing business with China's state-owned banks despite widely circulated media reports in May that suggested China's central government had ordered banks to remove IBM equipment because of cybersecurity concerns. In a statement released only in Chinese, ICBC chief technology officer Lin Xiaoxuan said that ICBC was the first bank in mainland China to introduce IBM mainframes 30 years ago and that they have since played an “important role” in the bank's IT operations”.
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