IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $192.50 short call and a strike $197.50 long call offers a potential 11.86% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $192.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $197.50 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 52.83 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
Obama Wins $14 Billion in Pledges for Africa Investments
Tue, 05 Aug 2014 10:00:00 GMT
Bloomberg – President Barack Obama plans to announce today $14 billion in commitments from U.S. companies for investments in Africa, a centerpiece of his goal of strengthening commercial ties to the continent. More than a dozen companies, including General Electric Co. (GE) and International Business Machines Corp. (IBM), are making the pledge, which Obama is scheduled to outline during a U.S.–Africa Business Forum in Washington that is part of a three-day summit involving 40 African heads of state, according to an administration official. The White House said in a statement that the money will go into areas including construction, energy, finance and technology. They “will deepen U.S. economic engagement in Africa, fueling growth that will support broader African prosperity and emerging markets for U.S. businesses,” the administration said.
IBM: cashing in its chips?
Tue, 05 Aug 2014 09:33:36 GMT
Financial Times – Selling an asset normally involves getting money from the buyer. But what do you call a transaction in which the seller is paying the buyer instead? A giveaway. A disposal. Or – if the seller is willing …
IBM Said to Have Offered GF Cash to Take Over Chip Unit
Mon, 04 Aug 2014 19:25:48 GMT
Bloomberg – International Business Machines Corp. (IBM) was willing to pay Globalfoundries Inc. to take on IBM’s money-losing chip-manufacturing operations, according to a person familiar with the process. IBM was offering about $1 billion to persuade Globalfoundries to take the unit, said the person, who asked not to be identified because the negotiations were private. Globalfoundries wanted to be paid about $2 billion, enough to offset the division’s losses, the person said. IBM’s willingness to pay underscores the urgency for Chief Executive Officer Ginni Rometty to get less profitable businesses off the books.
Zendesk Q2 Expected To Continue Fast Revenue Growth
Mon, 04 Aug 2014 15:40:00 GMT
Investor's Business Daily – Zendesk (ZEN) is expected to live up to its reputation as a fast-growth company when it reports its second-quarter earnings after the market close on Tuesday. The maker of customer service software, which …
IBM and Dow Collaboration Delivers Sustainable Solutions in Ethiopia While Building Employee Leadership Skills
Mon, 04 Aug 2014 15:16:43 GMT
noodls – MIDLAND, Mich. – August 04, 2014 (BUSINESS WIRE)–Dow's (NYSE:DOW) Leadership in Action (LIA) program and IBM's Corporate Service Corps have come together with the assistance of nonprofit, PYXERA Global, …
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