IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 10.62% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $9.04 would be incurred if the stock rose above the $165.00 long call 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 down which suggests that the medium-term momentum for IBM is bearish.
The RSI indicator is at 22.97 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
IBM MobileFirst for iOS Apps to be Launched on Singapore Airlines Flights
Thu, 18 May 2017 04:00:00 +0000
ARMONK, N.Y. and SINGAPORE, May 18, 2017 /PRNewswire/ — IBM (NYSE: IBM) today announced the Singapore Airlines (SIA) Group selected MobileFirst for iOS apps to provide a seamless experience across flight operations processes. With apps, Fly Now and Roster for iPad, pilots will be equipped with relevant information and flight-related updates. From mid-June this year, SIA pilots will have access to these two new iOS apps, as part of a suite of apps installed on company-issued iPads.
Cramer's 3 rules for investors during an unexpected sello…
Wed, 17 May 2017 23:02:00 +0000
Jim Cramer reminds investors of his rules for protecting their portfolios on down days.
Cramer: Getting Soaked in a Selloff
Wed, 17 May 2017 23:01:00 +0000
Since it's been a while, let's review the rules of what to do.
Australian Settlements Limited Taps IBM Cloud in Preparation for New Payments Platform
Wed, 17 May 2017 22:30:00 +0000
SYDNEY, May 17, 2017 /PRNewswire/ — IBM (NYSE: IBM ) announced today that financial services provider, Australian Settlements Limited , has adopted IBM Cloud for its New Payments Platform (NPP) implementation …
Poor ideas and poorer engineers are killing Indian startups
Wed, 17 May 2017 21:42:14 +0000
India isn’t able to nurture its startups to their full potential. All the odds are in India’s favor: The world’s fastest-growing major economy has been ranked the third-best destination for technology investments. From Microsoft to Uber, Silicon Valley bigwigs are all setting up offices and development centers in the country. The Indian startup sector is…
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