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 $160.00 long call offers a potential 11.11% return on risk over the next 23 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 $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $160.00 long call 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 down which suggests that the medium-term momentum for IBM is bearish.
The RSI indicator is at 29.47 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
18 OpenStack Cloud Vendors Successfully Complete Community Interop Challenge Issued by IBM Cloud
Wed, 26 Oct 2016 07:45:06 GMT
noodls – BARCELONA, SPAIN (OPENSTACK SUMMIT BARCELONA) – 26 Oct 2016: IBM (NYSE: IBM) today announced the results of the Interop Challenge, a cloud industry initiative aimed at demonstrating how OpenStack delivers …
[$$] Slack Messaging Service to Add IBM Watson Smarts
Wed, 26 Oct 2016 04:11:08 GMT
The Wall Street Journal – Slack Technologies is planning to enhance its messaging services with IBM’s Watson, becoming the latest company to team up with Big Blue for its artificial intelligence technology.
General Motors Brings IBM’s Watson Into its Vehicles
Wed, 26 Oct 2016 04:08:17 GMT
IBM Teams Up With Slack to Build Smarter Data-Crunching Chatbots
Wed, 26 Oct 2016 04:01:00 GMT
Bloomberg – IBM is teaming up with Slack Technologies Inc. to make it easier for companies to build custom chatbots into the startup’s workplace-messaging systems, the latest move by Big Blue to add more diverse business …
Hello, OnStar – Meet Watson
Wed, 26 Oct 2016 00:55:05 GMT
noodls – IBM and GM introduce new cognitive mobility platform to improve the driving experience for millions of consumers 2016-10-25 DETROIT and LAS VEGAS – General Motors and IBM today announced a partnership …
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