IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 14.16% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $172.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for IBM is bearish and the probability of a decline 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 74.4 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
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Thu, 23 Feb 2017 17:46:48 GMT
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Thu, 23 Feb 2017 15:45:28 GMT
Why Merrill Lynch Is Growing Incredibly Bullish on IBM
Thu, 23 Feb 2017 15:25:24 GMT
24/7 Wall St. – Things could be changing at IBM, as one analyst is calling for Big Blue to reach back to former highs again as the company has been gaining momentum over the past year.
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Thu, 23 Feb 2017 14:47:12 GMT
Chubb Taps IBM For IT Integration and Infrastructure Consolidation
Thu, 23 Feb 2017 14:00:00 GMT
PR Newswire – ARMONK, N.Y., Feb. 23, 2017 /PRNewswire/ — IBM (NYSE: IBM) today announced a new multi-year services agreement with Chubb, the world's largest publicly traded property and casualty insurance company, to consolidate and integrate the company's IT infrastructure following ACE Limited's January 2016 acquisition of The Chubb Corporation. Chubb's goals for its IT infrastructure include enhancing productivity and adopting a more agile environment securely designed to further enhance the user experience, deploy services to its customers faster, increase speed to market, and achieve greater overall cost efficiency. Key aspects of this agreement include IBM Cloud offerings for the z Systems mainframe and development and test environments, as well as cloud storage to archive critical data long term.
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